Hedge fund manager - internships not always the best thing

Hedge Fund

'I'm a big fan of the gap year'.

Billionaire hedge fund manager Michael Novogratz believes travel will help you more. He's tired of seeing the same types of resumes and argues that young people should take a gap year before they start their careers or college.

'We interview a lot of kids, and they always want an internship at Goldman Sachs, an internship at McKinsey', Novogratz, founder of Fortress Investment Group, said Sunday on the weekly show "Wall Street Week."

CNN Money reports that his advice: 'Go do something different. Get on a motorcycle and travel through India and take photographs. Create a story where you learn something...I'm a big fan of the gap year'.

Before starting on Wall Street, Novogratz served in the military as a helicopter pilot in Alabama. Novogratz, who is worth $1.5bn, went to Princeton on an ROTC scholarship.

To access the complete CNN Money article hit the link below:

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