Sunday, December 26, 2010

RIP Roy Neuberger

It's rare to see passion for the arts and finance combined in a single human life.  Roy Neuberger, founder of investment firm Neuberger Berman, lived such a life.  Mr. Neuberger passed away recently at the age of 107.

I honor him for achieving his stated life goal of using a finance career to promote the arts.  Too many investment professionals get those priorities reversed, using connections in the arts community merely to further their own pecuniary interests.  He was fortunate to begin his career with substantial wealth, and lucky enough to preserve it through the Great Depression.  Luck is an inescapable part of all success.  That luck later enabled him to support the work of countless artists. 

Good job, Mr. Neuberger.