Capital Allocators – Inside the Institutional Investment Industry REPLAY - Manny Friedman – Non-Linear Financial Systems (Capital Allocators, EP.61)
Mar 18, 2019
Manny Friedman, CEO of EJF Capital, shares insights from his diverse career that began as a history teacher and evolved into the financial realm. He discusses the globalization of markets and lessons from the financial crisis. The conversation highlights emerging opportunities in economic zones and the long-term effects of government stimulus. Manny reflects on the impact of technological changes and the importance of integrating philanthropy into investment strategies, emphasizing integrity and resilience throughout his journey.
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First Stock Purchase
- At 15, Manny Friedman bought his first stock, P. Lorillard, after reading about it in a newspaper.
- He made a quick profit, igniting his lifelong passion for the stock market.
Early Career Challenges and Breakthrough
- Friedman initially struggled as a retail broker, disliking the sales aspect.
- He found success by researching and recommending oil and gas stocks like Houston Oil and Gas.
Changing Investment Landscape
- The scale of money and global interconnectedness have drastically changed the investment landscape.
- Passive investing and algorithmic trading are significant shifts, presenting opportunities for active managers.
