Father Lemelson with his personalized copy of the Gospel According to St. Benjamin Graham
Meet Father Emmanuel Lemelson who runs a hedge fund in between services and who the Lord hath given the gift of prophecy.
“My whole life I always knew things before they happened. I guess it’s just a gift from God,” said Mr. Lemelson, 39 years old….Mr. Lemelson usually wagers on relatively unknown individual stocks rising, like seismic-equipment-technology maker Geospace Technologies Corp. That has been a winning strategy for a few years running as small-capitalization stocks saw steady gains. It returned a total of 150% from inception to mid-2015, according to audited returns and investment documents, roughly triple the pace of the S&P 500, including dividends, during the same period.
Of course, the Big Guy hasn’t given Father Lemelson everything, even if it sometimes seems that way.
Mr. Lemelson recently put up for sale his custom-built 7,000-square foot suburban Boston mansion after a five-year legal fight over the mortgage. His wife makes the 90-minute drive to Keene in a white Cadillac Escalade sport-utility vehicle. He collects motorcycles. He doesn’t follow up if the church forgets to pay his $300 weekly honorarium every so often. “Let’s not be poor because we’re pretending to be pious, when we really just couldn’t figure out how to make a better living,” he said…“I said, ‘They are going to have to bar me from the securities markets, because I would make too much money,’” he said. He paused. “I’m not humble. I wish I were.”