Notorious as one of Wall Street's oldest living legends, Roy Neuberger delivers a truthful and interesting account of his extraordinary life. Focusing on his start in the market from seven months before the 1929 crash, up to the 1987 crash, till today, he shares his 93 years of experience as a market sage. Neuberger also paints a wonderful picture of his love of contemporary art and his role in the art world, his donations to museums throughout the country of hundreds of pieces worth tens of millions.
I will start out by saying that I rarely give "fives" so I won't, so as not to dilute the "five star" ranking. That being said, it was an amazing story of an amazing person. Like Ben Franklin and Harry Truman and other auto-didacts he learned more in the "school of life" than sitting at a desk in a university lecture hall. Notwithstanding, he assembled an incredibly bright and well-schooled group of partners and staffers, including on of my close friends to help run Neuberger Berman. In addition to founding that venerable money management firm, he helped found Neuberger Museum of Art, which opened in 1974 on the Purchase College campus of the State University of New York.
Being an almost lifelong Westchester resident I have frequented that museum. The book finished at age 94. He passed away at an amazing 107 in December 2010. Truly a special book, laden with great life-living advice. One of my fastest reads for a 200-page book, I read it in three and a half days.
Reading the words of Neuberger is like having a conversation with a grandfather, a wise, warm and experienced one. Neuberger started his Wall Street career in the 1920's, and was still there when he wrote this book in 1997. It is not surprising then, how he can share so much wisdom and experiences. The coverage is wide - investing and art are the main topics, but there is also ethics, tennis, friendship and little politics. Not an investment manual, but definitely a good read for anyone interesting in the world of money.
Signed copy of a book by 107-year old investor who made a killing shorting 1929 bubble. Not that great of a match for me unfortunately since was more focused on collecting art.
A good read about more than money from someone who made a lot of it on Wall St. Friend of Ben Graham and Warren Buffett they all get a mention without namedropping all the way through the book. Really enjoyed this.
I re-read this book every few years. Roy was an amazing man and this book captures his first 94 years wonderfully. Great mix of stories of France in the 1920s art world, his start on Wall Street, building a great firm, founding a museum and his investing wisdom. A page turner. We should all live a life like his.