What has Bar Mitzvah to do with investment and finance?

Michael SteinhardtRetired hedge fund manager, current philanthropistToday I am going to introduce Michael Steinhardt, who is a generation older than Tim Sykes. However they have one thing in common. They both are traders who get started in finance and investment with their bar mitzvah gift money.Remember last time I asked you what is bar mitzvah? Let’s take a look at it.Bar MitzvahOn bar mitzvah

Retire Young Retire Rich - 30 Under 30 – Tim Sykes

Timothy Sykes, Cilantro Fund Partners, New YorkAge: 26Trades: Equities – small-cap; micro-capIf you want to retire young and retire rich, you have to plan or start an investment banking career while at school. I have reiterated this in my blog. Tim Sykes is a young man who has successfully executed this idea. If you recall, he’s number 26 (alphabetically) on the list of 30 Under 30 top traders.

The Golden Rule of Resume Writing – HONESTY

June 14, 2007, IHG Asia chief quits after CV reviewThis news does not directly relate to investment banking, but it is important to anyone who needs to write a resume. Let’s keep this as the golden rule of resume writing: HONESTY.As my blog reader, I request your reading this news seriously in detail.On June 14, 2007 (Thursday), Patrick Imbardelli, chief executive of Asia Pacific of the

Retire Young Retire Rich - 30 Under 30 – Top Traders (21-30)

30 Under 30 - age as of September 2006A continuation of traders who qualify to retire young and retire rich.21. Jennifer Pomerantz, Sandell Asset Management, New YorkAge: 26Trades: Equities – energy, natural resources22. Paul Redmond, Elite Derivatives, LondonAge: 27Trades: DAX futures23. Scott Shleifer, Tiger Global Management, New YorkAge: 29Trades: Equities – emerging markets and technology24.

Retire Young Retire Rich - 30 Under 30 – Top Traders (11-20)

30 Under 30 - age as of September 2006A continuation of traders who qualify to retire young and retire rich.11. Simon Jones, Citigroup, New YorkAge: 25Trades: Spot forex – yen12. Chris Lanigan, Ziff Brothers Investments, New YorkAge: 29Trades: Equities – energy13. Cliff Larson III, The Cliff Larson Co., MinneapolisAge: 27Trades: Wheat14. Austin Lewis, Lewis Asset Management, New YorkAge: 30Trades

Retire Young Retire Rich - 30 Under 30 – Top Traders (1-10)

If you want to retire young and retire rich, check out what these young guys did.While Trader Daily is receiving nomination for the 2007 list of 30 under 30 Top Traders, I would want to review last year’s list with you.Candidates have to be under 30 by September of the nomination year. In 2006, the youngest were only 25.Visit my blog frequently. You’ll be amazed by the success stories of these

Retire Young Retire Rich – Build a Hedge Fund Career

Chase Coleman – Hedge Fund TraderTiger Technology ManagementAge 31 (2007)As my blog is for young bankers and those who want to start an investment banking career, I am now going to start a series of success stories about those of 30 or even younger. Here is a young man who qualifies to retire young and retire rich. Chase Coleman made US$50 million at the age of 30.Trader Daily has an annual poll

Lehman Brothers Promotes New Head of Equities

Sigurbjorn Thorkelsson - Lehman BrothersHow would you target yourself in the first six years of your investment banking career?Analyst? Associate? VP? D? MD…? If you are good enough, people won’t care how old you are. Couple of days ago, Lehman Brothers announced their appointment of Sigurbjorn (Siggi) Thorkellsson to the position of Head of Equities, Asia. Siggi made himself an MD at Lehman six

Investment Banking Salary – News & Bios

Dow Kim - Merrill LynchHow are you going to spend US$37 million?Couple of posts ago, I mentioned that global heads’ and CEOs’ income has no ceiling. But is there a ballpark? Yes, Dow Kim, was reported to be paid US$37 million last year. In May 2007, one of the hottest news on Walls Street was his resignation from Merrill Lynch to set up his own hedge fund.Dow Kim is the Co-President of the Global