Samberg reinvents Pequot
At 63, the stock picker from the Bronx is still searching for the right model
Art Samberg hadn't wanted to work in money management. He had been inspired by the space race started when the Soviet Union launched the grapefruit-sized Sputnik satellite and wanted to get involved. His dream took him to the Massachusetts Institute of Technology, where he earned an undergraduate degree in aerospace engineering, before Samberg realized that he had made a big mistake and decided to change course.
"I had spent several years doing something that wasn't me, and I learned that life is too short to do something you don't love," says Samberg. He quickly set about correcting the mistake and started an odyssey that took him each day along the bumpy IRT subway from the Bronx to Columbia University with two youths who became great friends - Leon Cooperman and Mario Gabelli.