It's everyone's favorite time of year again-- Trader Monthly's 30 Under 30, a "coming-out party for the market's newest crop of up-and-comers," is finally here. Who is 2008's Zachary Michaelson? You tell us (who on the list is lying about the matter of their employment at Fortress or the like). Who is going to give 2006 nominee Tim Sykes a run for his (Bar Mitzvah) money? We haven't gone through the whole thing yet, but we think Christopher Davis, 14, might be up for the job.
Davis, who just started high school this week, began trading at the age of 11 when he bought a bunch of shares of Peapack-Gladstone Bank. He's up more than 90 percent on his own money and still holds those first shares. And he says things like "they have very few non-performing loans and pay a nice dividend," and, of the adult members of his school's formal investment committee, whose meetings he sits on, "I like to keep them on their toes," which sounds like something Sykes would say but in this case doesn't come off so Sykeish so much as it warms the cockles of our heart. Also, it's common knowledge that little kids posing (a la exhibit A to your left) and acting (a la: "Christopher often shows up to my office to discuss investment ideas with the Wall Street Journal in his hand," said adviser Sam Goldfischer) like adults is downright adorable.
Christopher says his father Paul, who manages portfolios for high-net-worth clients at Oppenheimer and Co. is his inspiration, and the elder Davis probably won't allow his son to devolve into the world of rabid self-promotion and calling the SEC "rapists," so the likelihood of a duel for territory is probably pretty slim. But you know someone's reading the TM profile and gnashing his teeth (and later, after the meth problem, gums) at the thought of it. And before you starting calling us out for instigating, please recall last year's fight between Sykes and Trader Monthly over the issue of not being invited to a party, and realize they've been planning this shit ever since.
30 Under 30: The Freshman [Trader Monthly]
Posted by guest, Sep 04, 2008 11:13AM
Sham- Wow First.