There are moments in life that define your path... In today's essay, I want to share one of those moments with you. I was a managing director at Goldman Sachs (GS) at the time. But it didn't happen in my office at the World Trade Center... Instead, it was a lesson I learned from my mom. It changed my life forever. And I believe it could have implications for you and your money. Let me show you how... Yesterday, I wrote about keeping patient in times of market turbulence. Today, I want to write about other tactics to help you become a better long-term investor... It has to do with my mom and a broker at Smith Barney two decades ago. Now, my mom is a smart, independent person. So, when she decided to invest her retirement funds with a brokerage firm called Smith Barney, she didn't ask for my opinion. Smith Barney was a prestigious institution. Its history went all the way back to 1873. You may even recall its motto from a TV commercial in the 1980s. In it, actor John Houseman said:
Tuesday, August 16, 2022
Tuesday, August 16, 2022
1) Institutional investors with $100 million or more under management are required to publicly file a Form 13F with the SEC every quarter, disclosing stock holdings – including number of shares – as of the end of the most recent quarter. I've always skimmed these filings, both to see what institutional investors as a group […]
Editor's note: For the next few days in Empire Financial Daily, we're turning things over to our friend and colleague Nomi Prins from our corporate affiliate Rogue Economics... Nomi is a best-selling author, financial journalist, and former global investment banker who worked at Goldman Sachs, Bear Stearns, Lehman Brothers, and Chase Manhattan Bank. She left […]
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Prior to creating Empire Financial Research, Whitney Tilson founded and ran Kase Capital Management, which managed three value-oriented hedge funds and two mutual funds. Starting out of his bedroom with only $1 million, Tilson grew assets under management to more than $200 million.
Tilson graduated magna cum laude from Harvard College with a bachelor's degree in government in 1989. After college, he helped Wendy Kopp launch Teach for America and then spent two years as a consultant at the Boston Consulting Group. He earned his MBA from Harvard Business School in 1994, where he graduated in the top 5% of his class and was named a Baker Scholar.
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Whitney is one of the most connected investors I’ve met. He’s been able to tap into an infinitely deep and unique network of people to come up with great insights into ideas and develop them that other people just can’t do because they don’t have the kind of network he does.
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