One of the most recognizable figures in the investment management industry is Edward Lampert. His name is known by every trader who wants to achieve success in the currency or stock market.
Biography of Edward Lampert
Ed was born on July 19, 1962, in the small town of Roslin, In New York. The Lampert family had no savings, so he had to get a job as a clerk at a large bank in New York.
At that time he was young enough to build his career dynamically. Now Edward is the most sought-after financial analyst and tries to confirm his status daily. His facial expressions, gestures and ability to present himself – all helps him to make his partners the most influential people.
Every day, Lampert is increasingly successful in the investment business and increases his own profits. But at the same time he tries to avoid positions leading to a downgrade.
He does not use the leverage that most companies provide in his work, nor does he make small bets and does not use derivative financial instruments. On the other from all this, he is an opponent of scalping techniques.
Edward is one of the most successful entrepreneurs of his time and a man who knows how to properly use contrasts to his advantage. He has his own hedge fund, which has a share holding of $15 billion. The company employs 20 people and the level of income proves that they work extremely efficiently.
For comparison, in a normal company with such capital and this level of monthly profit employs more than 500 full-time employees.
Edward's financial analyst was inspired by his grandmother. As a 14-year-old boy, he watched her invest all her savings in the then-young Coca-Cola company. After this incident, he became interested in books on economics. The boy was interested in economics, marketing, management and finance.
Now Lampert likes to work at night. You can see the light in his office every night. And it helps him have partners like Dell Inc. and Loews Corp.
Those who work with Lampert claim that he has quite a strong intuition. Its predictions are as accurate as possible. It almost unmistakably determines how the situation on the currency market will change, and correctly chooses the necessary investment package.
The most interesting thing is that during all the work Edward Lampert did not reveal to anyone his secret of success. This makes him even more of a mysterious and well-known trader of our time.