Jacob Jay Gottlieb studied medicine at the University of New York. This was his first step to making his dream to have a career in medicine real. After getting his degree, he took an internship with St. Vincent’s Hospital. In as much as he was doing well as far as establishing his medical career was concerned, he wasn’t satisfied. His lifelong desire to becoming a financial expert got the better of him. He quit medicine just as his career was taking off to pursue his dream in the field of finance.
When he decided to shift his career from medicine to finance, many thought he was crazy. Gottilieb says that what they do not understand is that doctors and stock brokers both share the same characteristics; both are risk takes. In diagnosing a patient and administering a treatment, the doctor takes a risk. There is a possibility of something going wrong with the treatment or the diagnosis. In the unlikely event that happens, the doctor has a responsibility to manage the risk that has presented itself. The stock broker also takes a risk in advising a client to buy stock from a given company. In the unlikely event that something goes wrong with the investment, the stock broker has to find a way to manage the risk.
Shifting to economics was not just an obsession that grew overnight; it is an interest he developed at an early stage in life. While still in 7th grade, he won a contest that required him to pick stock. Each time he was able to pick stock that went up. His father being an economics professor at City University, New York got so impressed by the boy’s ability that he opened him an investment trading account. His interest in finance saw him sell golfers beverages at a local golf course. This gave him valuable experience while still at an early age.
To equip himself for finance, he got his CFA from the Association for Investment Management and Research and later got his degree in economics from Brown University, Rhode Island. Jacob Gottlieb’s journey in his investment career was not a walk in the park. He started as a buy-side analyst at Sanford C. Bernstein & Co. LLC, he then moved on to become the portfolio manager at Merlin financial. Jacob worked with several companies before becoming one of the founding members at Balyasny Asset Management, L.P. Throughout his career, he acquired experiences that have proved helpful in establishing his own firm, Visium Asset Management, LLC.
Apart from being a renowned financial expert, Jacob Gottlieb is a philanthropist. He works with covenant house to help street children come out of the streets. Taking street children off the streets and giving them an opportunity to make something out of their lives is more than a venture to give back to society. It comes out of a desire to afford someone the same opportunities he had growing up. This is only one of the many charities Mr Gottlieb is part of.