Yesterday’s interview with Phil Pearlman was nice, but now we’re going even more bigtime with Doug Kass, manager of the ridiculously successful short-biased Seabreeze Partners hedge fund, whose exploits mean I gotta repost his whole impressive bio here too:
Doug Kass is founder and president of Seabreeze Partners Management, Inc., and the general partner and investment manager of Seabreeze Partners Short LP and Seabreeze Partners Long/Short LP. Until 1996, he was senior portfolio manager at Omega Advisors, a $6 billion investment partnership. Before that he was executive senior vice president and director of institutional equities of First Albany Corporation and JW Charles/CSG. He also was a General Partner of Glickenhaus & Co., and held various positions with Putnam Management and Kidder, Peabody. Kass received his bachelor’s from Alfred University, and received a master’s of business administration in finance from the University of Pennsylvania’s Wharton School in 1972. He co-authored “Citibank: The Ralph Nader Report” with Nader and the Center for the Study of Responsive Law and currently serves as a guest host on CNBC’s “Squawk Box.”
1. What is your favorite Chanukah memory of years past?
When my godfather gave me two shares of Pan American World Airways stock for Chanukah. (The bad news is that the company went bankrupt within two years of getting the Chanukah present from him).
2. What is your favorite trade/investment of years past?
My original investment in Teledyne when I was at Wharton getting an MBA in 1972. The company embarked upon a series of buybacks. I sold my stock back to the company and purchased a Triumph 4A sports car with the proceeds. Its been all downhill since then!
3. What are your plans for chanukah this year?
To be on the DL, enjoy my family and try to get through a nite with looking at the futures less than five times in an evening!
4. What is your stock market outlook for 2009?
The market is likely to be a trading sardine which seems destined to be in a broad trading range of plus or minus ten to fifteen percent from current levels over the forseeable future.
5. Do you have a tip/lesson for investors/traders to follow in 2009?
Let your profits run and stop your losses quickly. Easy to say, hard to effect.
Tomorrow, my Christmas present for all you non-chosen people out there, we’ll be moving up the financial Jewish food chain even more with the world’s most sought-after interview….oh yeah, I got it!
Tags: Chanukah, Interviews, Real Wall Streeters
