Three and a half decades ago, a Yale student called Adam Glick tried to persuade his fellow students to embrace the freshly elected president Ronald Reagan.
It was hard. Back in 1980 most of the establishment — and gilded students — sneered at the idea of a former B-list Hollywood actor in the Oval Office. Almost nobody guessed that Reagan might end up a Republican icon.
Mr Glick is now a successful asset manager running a multibillion-dollar private fund. He feels a sense of déjà vu. The election of Donald Trump has left elites shocked and outraged — and Mr Glick is once again trying to tell friends (and fellow financiers) this is a mistake.