294:
years until the predicted appreciation has occurred. In the book, he reasons that if his thesis about a stock is wrong he still has an expected positive return, as the stock market has had an average annual return of 9% to 10% over the last decades. Wachenheim strongly considers downside and permanent loss of capital when choosing investments. Wachenheim also wrote a chapter of the 2017 book
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and discusses cases from his career. Wachenheim tells that he invests in common stocks of companies he believes are undervalued by the market and face a small likelihood of permanent loss. He aims to achieve an annual return of between 15% and 20%. Wachenheim usually holds the stocks for multiple
866:
363:
called the "Sue & Edgar
Wachenheim Foundation". The organization reported assets were $ 438 million in 2022. A large portion of the contributions have gone to cultural and educational institutions including
239:. During the first few years, Greenhaven Associates exclusively invested wealth owned by CNG and the Wachenheim family, but later accepted new clients such as affluent families, university endowments, and
235:. When Ross retired in 1979, Wachenheim became the head of the investment division. Greenhaven Associates was founded by him in 1987 when the investment branch was spun off from CNG. It remained based in
318:
board, where three of his children studied, between 1993 and 2001. He also served as vice-chair of the college's board and chair of its investment committee until 2003. Wachenheim is involved with
243:. The value of the assets under management of the firm compounded over the years, from $ 300 million in 1991 to $ 1 billion in 1998, $ 2.7 billion in 2004, and almost $ 11 billion today.
1131:
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329:, where the Trustees Room is named in his honor, after having chaired both the executive and investment committees. He was chair of the board of the
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867:"Common Stocks and Common Sense: The Strategies, Analyses, Decisions, and Emotions of a Particularly Successful Value Investor"
491:
Common Stocks and Common Sense: The
Strategies, Analyses, Decisions, and Emotions of a Particularly Successful Value Investor
287:
Common Stocks and Common Sense: The
Strategies, Analyses, Decisions, and Emotions of a Particularly Successful Value Investor
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511:
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816:"MEDIA ALERT: FULL SPEAKER LINEUP FOR CNBC INSTITUTIONAL INVESTOR DELIVERING ALPHA CONFERENCE ON JULY 18 IN NEW YORK CITY"
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172:, published in 2016. A second edition was published in 2022. His investment strategies can be described as
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Wachenheim, Edgar III (10 August 1992). "Money
Manager interview: Edgar Wachenheim III" (Interview).
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as the son of Edgar
Wachenheim Jr. and Betty Lewis Wachenheim. He has one brother, and he grew up in
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from 2017 to 2022. Wachenheim became chair the year after he had joined WNET's board, succeeding
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Wachenheim is married to Sue
Wachenheim (nÊe Wallach) since June 6, 1962, and they reside in
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investors conference "Delivering Alpha". The event was hosted by CNBC and the magazine
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of
Greenhaven Associates. He founded that investment company, a former branch of
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153:, in 1987 and has worked there since as CEO. Greenhaven Associates had reported
271:. Previously, he has also been on the board of directors of public companies.
251:
928:"Skidmore Connect - An Evening on Value Investing with Edgar Wachenheim III"
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322:, his alma mater, where the newest science center is named in his honor.
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Wachenheim wrote a book about his career and investing methods called
707:
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Wachenheim wrote a book about investing, published in April 2016 by
298:. A new, second edition of Wachenheim's book was released in 2022.
611:"Edgar Wachenheim, III Named Chairman of WNET's Board of Trustees"
341:.Currently, he sits on the board of trustees of the New York City
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In 1969, Wachenheim took a job at the investment division of
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for two years as an undergraduate, and thereafter went to
204:, graduating in 1959. After that, Wachenheim worked at
165:
before fees of about 19 percent between 1988 and 2017.
681:
Whitestone, Randy (14 April 1995). "Value investing".
310:
of nonprofit organizations. He was board president of
267:
Wachenheim is also the vice chairman of the board of
955:"Summary of the June 2020 Board of Trustees meeting"
306:Over the years, Wachenheim has been on a number of
216:, between 1964 and 1966. He subsequently worked at
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50:
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396:. They have four children and six grandchildren.
161:reported Wachenheim's firm had an average annual
289:. In the book, he describes his strategies as a
787:Madoff, Roger; Dooley, Kerry (4 January 1998).
1068:New York State Office of the Attorney General
655:"James G. Wallach, 55, Head of Paper Company"
356:(1990â1999), and the Arthur Ross Foundation.
8:
1132:Massachusetts Institute of Technology alumni
246:In July 2018, Wachenheim was interviewed by
512:"Paid Notice: Deaths WACHENHEIM, EDGAR, JR"
231:(CNG), a company led by his in-laws, under
1152:Businesspeople from New Rochelle, New York
574:"Edgar Wachenheim 3d Weds Sue Ann Wallach"
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1033:"The Trustees of the New York Foundation"
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1092:SEC filings of Greenhaven Associates Inc
893:Parker, Christopher (30 November 2017).
325:Wachenheim became a life trustee of the
760:"6-Month High For Stocks; Dow Up 50.50"
405:
896:HARRIMAN'S NEW BOOK OF INVESTING RULES
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157:worth $ 9.3 billion in January 2024.
55:Massachusetts Institute of Technology
7:
1097:Investment Adviser Public Disclosure
582:. Scarsdale. 7 June 1962. p. 29
114:
758:Cole, Robert J. (31 January 1991).
348:He has also been on the boards of
14:
1157:Businesspeople from New York City
789:"A GRIM PROGNOSIS FOR HMO STOCKS"
214:Master of Business Administration
822:. Englewood Cliffs. 12 July 2018
701:Coffey, Brendan (21 June 2004).
302:Non-profit work and philanthropy
497:. pp. 1, 5, 21â24, and 28.
359:Wachenheim and his wife have a
188:Wachenheim was born in 1937 in
180:with a long-term time horizon.
110:
1122:Harvard Business School alumni
842:"Delivering Alpha 2018 Agenda"
544:"Scope Magazine: Trustee news"
489:Wachenheim, Edgar III (2016).
276:Common Stocks and Common Sense
170:Common Stocks and Common Sense
91:Common Stocks and Common Sense
1:
619:. New York. 14 September 2017
212:, where he earned the degree
1060:"Search Charities Database"
739:. 29 April 2016. p. 16
653:Pace, Eric (23 June 1998).
447:"Edgar 'Ed' Wachenheim III"
137:(born 1937) is an American
32:1937 (age 86–87)
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640:The Wall Street Transcript
350:UJA-Federation of New York
269:Central National-Gottesman
229:Central National-Gottesman
151:Central National-Gottesman
1162:American business writers
1137:People from Rye, New York
196:. Wachenheim studied at
1147:Williams College alumni
1006:"Officers and trustees"
984:New York Public Library
959:Office of the President
382:New York Public Library
361:charitable organization
327:New York Public Library
241:nonprofit organizations
210:Harvard Business School
155:assets under management
64:Harvard Business School
737:Value Investor Insight
312:Rye Country Day School
261:Institutional Investor
194:New Rochelle, New York
184:Early life and career
1011:Museum of Modern Art
768:. pp. 69 and 76
374:Museum of Modern Art
343:Museum of Modern Art
314:and a member of the
135:Edgar Wachenheim III
23:Edgar Wachenheim III
16:American businessman
1038:New York Foundation
979:"Board of Trustees"
794:The Washington Post
730:"Clear and Present"
703:"Betting the House"
420:. 21 November 2023.
354:New York Foundation
1117:American investors
899:. Harriman House.
765:The New York Times
660:The New York Times
579:The New York Times
542:SR (Spring 2003).
520:. 27 November 2003
517:The New York Times
308:boards of trustees
237:Purchase, New York
222:securities analyst
208:before attending
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233:Arthur Ross
43:Nationality
1106:Categories
964:2020-12-06
400:References
333:affiliate
252:Jim Cramer
174:contrarian
75:Occupation
684:USA Today
285:, called
616:THIRTEEN
147:chairman
139:investor
125:Children
79:Investor
46:American
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70:, 1966)
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459:22 May
380:, the
372:, the
352:, the
163:return
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98:Spouse
93:(2016)
872:Wiley
733:(PDF)
495:Wiley
414:"13F"
283:Wiley
220:as a
117:)
109:(
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1075:2019
1046:2019
1019:2019
992:2019
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914:2019
901:ISBN
880:2019
853:2019
846:CNBC
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820:CNBC
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668:2019
625:2019
588:2019
555:2019
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452:CNBC
378:WNET
345:.
335:WNET
248:CNBC
176:and
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145:and
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115:1962
29:Born
331:PBS
250:'s
206:IBM
198:MIT
143:CEO
68:MBA
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