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by Leon Cooperman (Author)
A Wall Street Legend Recounts His Fifty Years in the Stock Market, Hedge Funds, and Philanthropy
Wall Street mogul Leon Cooperman provides a brilliant business memoir encompassing a quarter-century with Goldman Sachs and then the management of his own successful hedge fund, Omega Advisors. Cooperman traces his life story from his roots as the son of immigrant parents in the Bronx through his days as an undergraduate at Hunter College, his subsequent graduate studies at the Columbia Business School, and beyond, all the way to his current role as a subscriber to Warren Buffet's "Giving Pledge" and a committed philanthropist engaged in giving away the entirety of his multi-billion-dollar fortune. Along the way, Cooperman also spells out his philosophies and "best practices" for stock research and investment, rooted in the classic value-investing approach originated by Benjamin Graham and David Dodd. Additionally, Cooperman makes an impassioned defense of capitalism as the best of all possible economic systems. Cooperman's narrative also includes meditations on taxes in general (and a wealth tax in particular) and challenges the thinking of political progressives who espouse policies which Cooperman believes would unduly restrain the free market.Back Jacket
Wall Street legend Leon Cooperman knows not only how to make billions... but also how and why to give it all away.
When it comes to the stock market, famed Goldman Sachs and Omega Advisors hedge fund guru Leon Cooperman has seen and done it all. In his vibrant new memoir, billionaire philanthropist Cooperman recounts the ups and downs of a professional lifetime on Wall Street. With such colleagues as Bob Mnuchin, Bob Rubin, Hank Paulson, and Jon Corzine, Cooperman played a major role at Goldman Sachs from the 1960s to the early 1990s, serving variously as partner-in-charge of the Investment Research Department, cochairman of the Investment Policy Committee, chairman of the Stock Selection Committee, and chairman/CEO of Goldman Sachs Asset Management. Thereafter, at his own Omega Advisors hedge fund, in collaboration with his old Goldman protégé Steven Einhorn and others, he continued to rack up profits for investors. At once a compelling "insider's account" of Wall Street and its culture, a reasoned argument for the values and benefits inherent in capitalism, and a meditation on the importance and duty of large-donor philanthropy, From the Bronx to Wall Street does not disappoint.
Author Biography
Over a five-decade career, LEON COOPERMAN has loomed large as one of the most prominent players on Wall Street, first as a senior partner at Goldman Sachs, where he spent twenty-five years, and then as the founder and chief strategist of his own highly successful hedge fund, Omega Advisors. Born to immigrant parents in the Bronx, he is a graduate of Hunter College and the Columbia Business School. Mr. Cooperman has been the recipient of numerous awards and honors, including The Horatio Alger Award, honorary doctorates from both Hunter College and Roger Williams University, and the Columbia Business School's Distinguished Leadership in Business Award. He and his wife, Toby, have two sons and three grandchildren, and live most of the year in Florida.
