Bill Lipschutz
Bill Lipschutz is a foreign exchange market (forex) trader and the co-founder and Director of Portfolio Management at Hathersage Capital Management.
| Bill Lipschutz | |
|---|---|
| Born | 1956 |
| 🎓 Alma mater | Cornell University BFA, Architectural Design and Cornell University MBA, Finance |
| 💼 Occupation | Principal and Director of Portfolio Management, Hathersage Capital Management |
| 🌐 Website | hathersage |
Early Life and education[edit]
Lipschutz was born and raised in Farmingdale, New York. He earned good grades throughout junior high and high school.[citation needed] One of his favorite subjects was math. Lipschutz had an interest in tennis and became an avid tennis player.[1]
Career[edit]
Early career[edit]
While at Cornell University, Lipschutz inherited $12,000 worth of stock after his grandmother’s death.[2] In his inheritance, there were over 100 different stocks in numerous locations. It cost Lipschutz a substantial sum in fees in order to liquidate and consolidate the risk capital into one location.
While attending school, he began investing the risk capital in his free time. He would spend hours in the library, researching and reading about the market. This research increased his interest in financial trading, and his portfolio was eventually worth close to $250,000. The success was, however, short-lived, as the risk capital was lost with one bad decision and a turn on the market. Lipschutz considered the loss a valuable learning experience to apply to any future investments. Through his college career, Lipschutz became more interested in the stock trading and continued to pursue it with success, while leaving his architectural degree behind.[2]
During the time spent at Cornell, he met his wife, Lynnelle Jones, who was working for economist Henry Kaufman as a research assistant. Lipschutz interned for Kaufman and Salomon Brothers before graduating in 1982. He joined Salomon Brothers as a full-time employee in May 1982.[2]
Salomon Brothers[edit]
During a Salomon Brothers training program Lipschutz was asked to be a part of the newly formed Foreign Exchange (or forex trading or FX for short) Department. Salomon Brothers created a team from their traders and came up with a plan for learning currency trading.[2]
References[edit]
- ↑ Barber, Andrew (2006). "Hall of Fame : Married to the Market". Trader Daily magazine. p. 50. Archived from the original on May 5, 2010. Unknown parameter
|url-status=ignored (help) - ↑ 2.0 2.1 2.2 2.3 Schwager, Jack D. (1995). The New Market Wizards. Part 2: Wiley; New Ed edition. ISBN 0-471-13236-5. Search this book on
External links[edit]
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