Wall Street Made Charles Murphy Successful, But Money Couldn’t Buy Hedge Fund Investor Happiness
The apparent suicide of successful hedge fund investor Charles Murphy has shined a light on what wealth and power couldn’t buy.
According to sources quoted in the Wall Street Journal, Murphy struggled with nagging fears of losing everything, and constant worry about money and supporting his family. “The mind can play tricks with oneself, distorting reality,” said a friend eulogizing Murphy at his funeral. “[His] mind created a trap from which he couldn’t escape.”
The Journal’s profile itself gives a moving eulogy of a life lived with some happiness—but with a number of major struggles: He weathered the breakup of his first marriage, major losses in the ’90s dot-com bust, and billions to Bernie Madoff’s Ponzi scheme.
It’s unclear just how much of this affected his outlook on life, but last summer, he was diagnosed with depression and was seeing a doctor for the condition.