Art Samberg: Investing as a Form of Engineering/Problem-Solving

This week in our Masters in Business interview, we speak with with Art Samberg of Pequot Partners.

When Samberg began his first fund in 1986, there were less than 100 hedge funds. By 2000, with George Soros and Julian Robertson retired, the Wall Street Journal reported that Pequot Capital Management had became the largest hedge fund in the world. The fund returned 17.8% net of fees over the life of the fund, even after starting his full first year (1987) down almost 25%.

Samberg discusses his “engineer’s approach” to investing as an exercise in problem solving. His family office focuses on big issue “problem solving” including solar, fusion power, and radioactive cesium reclamation projects – the past is actually live at the Fukushima Daiichi nuclear disaster.

He also was forthcoming about insider trading allegations by the Securities and Exchange Commission that resulted in a $28 million fine and that led to the fund’s closing. He now runs Hawkes Financial, a family office that manages his wealth. He also is chairman of the Samberg Family Foundation, a philanthropy. 

Samberg studied Aeronautical engineering and Astronautics at the Massachusetts Institute of Technology. After his getting his Bachelors of Science there, B.S., he earned a Masters in the same subject at Stanford University. He worked at Lockheed Missile and Space Company before getting an M.B.A. from Columbia University. He is a Life Member of the MIT Corporation, and a Member of MIT Executive Committee, and Co-Chair of the Board of Overseers of the Business School at Columbia. He served as Chairman of the MIT Investment Management Company and currently sits on the Board of Advisor of the MIT Energy Initiative.

The full podcast is available on iTunes, SoundCloud and on Bloomberg.  Earlier podcasts can be found on iTunes and at

Next week, we speak with economist Gary Shilling.



Category: Podcast

Carl Icahn: Key Ideas for America

Carl Icahn is one of the greatest investors of his generation, if not of all time. In a recent video, he makes a variety of political points, many of which i find myself in agreement about . . . U.S. lawmakers need to end their fiscal inertia. CEOs are taking advantage of the system — as…Read More

Category: Markets

10 Tuesday AM Reads

Our two-fer-Tuesday, free range morning train reads: • This Is Why Public and Private Market Valuations Are Completely Different (Mahesh VC) see also Silicon Valley Raises $75B in Venture Capital (Chief Investment Officer) • White House report says Internet is a ‘core utility’ just like electricity (CS Monitor) • Seven reasons Volkswagen is worse than Enron (FT) see also A Mucky Business: Systematic…Read More

Category: Financial Press

Job Creation in the United States

Source: US Census

Category: Digital Media, Economy, Employment

Good News Is Bad News: Leverage Cycles and Sudden Stops

Category: Credit, Employment, Think Tank

Ben Carlson Discusses Correction on CNBC

Ben Carlson, author of “A Wealth of Common Sense,” discusses keeping your cool during this correction.

Author Carlson: Keep cool during correction

Category: Asset Allocation, Investing, Video

Ugly Day

Not a pretty day, as the Nasdaq gets whacked for 3%, and the Dow closes 1 point over 16,000:   click fir full size table

Category: Markets

What Happens If We Redistribute Bill Gates Wealth to the Poor?

Today’s column might anger some people on the right AND the left. Try not to react emotionally. Instead consider this as a way to point out some obvious truths to your ideological opposites. Take a look at the Robin Hood Index chart at right (via Bloomberg). It shows the effect of confiscating all of the wealth of…Read More

Category: Really, really bad calls, Taxes and Policy, Wages & Income

A Question of Liquidity

Source: WSJ

Category: Fixed Income/Interest Rates, Mutual Funds

10 Monday AM Reads

Welcome back to the show. start it right with our Brooklyn sourced, morning train reads: • Stock investors haven’t been this bearish in 15 years (Marketwatch) • How A Little Lab In West Virginia Caught Volkswagen’s Big Cheat (NPR) see also The Study That Started the Volkswagen Scandal (CityLab) • The Rich Are Different. They’re Better Investors. (Bloomberg View)…Read More

Category: Financial Press