Hedge Funds

Wyly reveals how to become a billionaire

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Sam Wyly's newly published memoir, "1,000 Dollars & an Idea: Entrepreneur to Billionaire," is more than just folksy reminiscing about how the nearly 74-year-old fund manager grew up in a humble Louisiana house that lacked both electricity and running water. In no-nonsense terms, Wyly details how early rejections from Wall Street taught him lessons that helped when he later co-founded Maverick Capital.