On March 16th, value investor extraordinaire Glenn Greenberg spoke at Wharton to an audience of MBA and undergraduate students. Mr. Greenberg and partner John Shapiro founded Chieftain Capital Management in 1984. By pursuing a disciplined investment strategy, Chieftain compounded its accounts at an impressive 22.5% (before management fees) during the period from 1984 through 2004 versus 12.9% for the S&P 500.
Mr. Greenberg began by recounting his career prior to founding Chieftain. An English major at Yale, he worked as a teacher before attending Columbia Graduate School of Business. Upon graduating from Columbia, instead of joining his family's retail business, he decided to enter the world of investing. He went to Morgan Guaranty Trust, where he worked as a researcher for two years and then as a "money mis-manager" for three before deciding he needed to go to a smaller firm in order to work with a mentor from whom he could learn to become "an investor". This decision led him to a low-profile firm where he worked for "a very able investor with an incredible record". Prior to starting his own firm, he had spent ten years analyzing companies.
http://www.whartonjournal.com/media/paper201/news/2005/03/28/News/Investor.Extraordinaire.Speaks.At.Wharton-904160.shtml?norewrite&sourcedomain=www.whartonjournal.com
Mr. Greenberg began by recounting his career prior to founding Chieftain. An English major at Yale, he worked as a teacher before attending Columbia Graduate School of Business. Upon graduating from Columbia, instead of joining his family's retail business, he decided to enter the world of investing. He went to Morgan Guaranty Trust, where he worked as a researcher for two years and then as a "money mis-manager" for three before deciding he needed to go to a smaller firm in order to work with a mentor from whom he could learn to become "an investor". This decision led him to a low-profile firm where he worked for "a very able investor with an incredible record". Prior to starting his own firm, he had spent ten years analyzing companies.
http://www.whartonjournal.com/media/paper201/news/2005/03/28/News/Investor.Extraordinaire.Speaks.At.Wharton-904160.shtml?norewrite&sourcedomain=www.whartonjournal.com
