Bergman approaching 100 and there are some tips to enjoy a long career on Wall Stree

Irene Bergman approaching 100 and there are some tips to enjoy a long career on Wall Street:
Do not do anything glupavo.Vapreki that many investors nowadays pursue quick profits, it is best to wait at least three years, or better yet, a lot more before you appreciate their investment. But do not be afraid to revise your strategy, she said. If a thorough examination promote a change in the portfolio have the courage to make changes.
“The longer you’re in business, more pessimistic signals get” Bergman said in his soft voice, noting that it considered at the time the shares are too expensive. And yet, “I am able to’m bullish because when you look at the stock, I can imagine what it was 40 years ago.”
As one of the oldest working professionals in an industry run by men before half her age, Bergman rarely gets the opportunity. She remembers small private companies founded by German Jews in the 19th century, which appeared on Wall Street before their partnership model to make way for their public listing and often CARE increasingly fierce boost profit.
“The way we do business has changed,” she said. “This is much more competitive, with many often with knives in the back.”
Guests of Bergman’s apartment in Manhattan, where she lived for more than 60 years may be invited to drink vodka or scotch while sitting on furniture made in Europe before World War II, chairs Lui XV Frenski.Chetiri personal assistants attend to her needs around the clock, and she turned to colleagues when needed research on specific securities. She never married and has no children, she has a Maltese named Fanny ..
Her career was close to the realization of a teenage dream In an essay she wrote that she wanted to follow his father’s private banker, he made the world seem so “alive,” she says. It would be the first woman to achieve this position.
These aspirations are at a standstill when the Nazis persecute Jewish family from Germany and then the Netherlands. They arrive in the US in 1942, Bergman began working as a secretary in a bank. Fifteen years later, she joined Hallgarten & Co., a member of the New York Stock Exchange.
“Women on Wall Street are not very popular,” she said. She will join Loeb Rhoades & Co., and in 1973 to, Stralem, when she finally feels that Ena place “This is the first place where I was treated as an equal.”
Stralem manages about $ 2 billion in assets and operates on a strategy aimed at opening a “lowering” and “enhancing” movements of the shares. It manages money institutions and individual accounts, of which 11 are of Bergman. It serves its investment committee.
Bergman stopped attending his office in December and turns 100 in August, attributed longevity and good genes, not any special diet. She said she remained physically healthy by riding horses until she was 80 and mentally sharp disclaims retirement. Bergman speaks with colleagues Stralem daily and talked with some customers every week.
“She’s been through many business cycles, ups and downs, recessions, depressions, and a good sense of where things are going,” said George Falk, a doctor of internal medicine in private practice in Manhattan. “She understands my needs have my interests at heart, not primarily interested in how to take money from me. I have great confidence in it.”
Postwar experience of her family to inform and counsel today. Because it took ten years after their arrival in New York to recover the wealth of his family that were frozen by the US and Dutch authorities, it stresses the importance of protection of resources.
One bright spot for today’s investor is the ability to sell large blocks of shares, and quickly said Bergman. Years ago, it would have taken Stralem weeks to fulfill a big order. Now it takes a few hours or days.
At the same time, skorosttaima “flawed,” she said. “People who trade should not do anything too quickly.”
Her caution was transmitted to loyal customers, according Fiip Labaune, head of commercial department of Stralem, who said that for almost 20 years with the company, he had never seen her loss account.
“In this business, you have to get the trust of its clients,” said Bergman. “You do not have with clients for three weeks, and to have them for at least three years. You should know that it takes so long, if you do your job well.”
Customers appreciate that it has its own wealth. “They had the feeling that I should not dabble their bills because I had money for themselves,” she said.
Bergman remembers skipping one. Apple Inc.
“I missed Apple completely,” she said. “Apple is too much for me.”
It takes her a tip: Make your own decisions.
“I always wanted to do what I want to do, then it is my fault,” she said. “I can not blame anyone.”

 Varchev Traders

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