Monday, February 23, 2009

From "The Way to the Top"

This quote is an excerpt from Donald Trumps book, "The Way To The Top" is from a top GE executive who managed some $180 billion when asked as to who was his strongest and most influential investor in his life.

"...But probably the most influential investor I've known — certainly the most eccentric — is a guy whose advice and counsel I seek out every day. His name is Bernie Feshbach, and to me he's been the lost and found of Wall Street. Bernie was a World War II Purple Heart award winner selling used cars, selling women's dresses, and working as a stockbroker. He's very well traveled and very well known throughout financial circles; he always wears his bow tie and his designer suits; and he knows all the maitre d's and concierges at the best restaurants and hotels all over the world. But more important, he knows where all the hidden closets are on Wall Street and where all the bodies are buried.

Bernie's about to celebrate the fortieth anniversary of his
fortieth birthday later on this year and as such has experienced more market cycles than anyone I know. Every deal I ever did with him or recommended by him was a success. But Bernie's real value to me can't be measured by the deals we did or didn't do. It's my having the ability to pick his brain. Bernie's never been shy in voicing his opinions to me or of me, and his thoughts are incredibly valuable. Everyone needs a truly independent sounding board, preferably one that knows what he's talking about and without a personal stake in the outcome. Every business leader needs to find a Bernie Feshbach..." who was wounded at Okinawa. He grew up in the Bronx and after the war tried his hand at pig-farming, oil wild-catting,

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