Finance Manager David Shaw
The exchange industry allows almost every person to earn huge money, regardless of what profession or skills they had before making their first transaction.
However, despite the abundance of different approaches to its analysis, people associated with the exact sciences, and especially mathematicians and economists, most often achieve success.
The acquired logical thinking skills become an excellent basis for acquiring new knowledge and skills.
The most surprising thing about the biographies of successful people is the fact that successful teachers, scientists or people closely associated with programming suddenly leave their comfort zone and achieve stunning success in stock trading.
Actually in this article you will get acquainted with the biography of David Shaw, one of the most influential billionaires in the United States of America.
David Shaw received his education at the University of California, where he successfully received a bachelor's degree with honors.
High academic performance, as well as a great love for science, led David to teaching, as well as receiving a doctorate in philosophy from Stanford University.
After receiving his scientific degree, David Shaw spent many years teaching, teaching computer science to students at Columbia University.
At the same university he conducted scientific activities, conducting various computational studies at that time with the NON-VON supercomputer.
Also, before he began his research at Columbia University, he founded the Stanford Systems Corporation, which was engaged in computer technology.
Actually, at Columbia University, David Shaw was promoted and became dean of the faculty.
Stock career
David Shaw's stock trading career began in 1986. At that time, Shaw was a well-known computer scientist, and the largest fund at the time, Morgan Stanley, was looking for an experienced vice president. The task of which was to control the automated trading group for asset management.
Naturally, the salaries of a teacher and a manager are completely incomparable, so David Shaw responded to the offer and coped with his duties quite well.
After just two years at Morgan Stanley, David Shaw was able to gain the experience he needed to help him realize his potential.
Having encountered resistance to implementing his own ideas at Morgan Stanley, David Shaw decides to leave his position in the company and begin an independent career.
In 1988, David Shaw founded his company called DE Shaw & Co, which became the flagship of robotic trading based on computer technology.
The hedge fund was engaged in purchasing stocks, bonds and other various securities based on a computerized algorithm invented by David Shaw.
The high profitability of the hedge fund caused a huge response from investors; moreover, in order to hedge their risks, many funds began to actively invest money in David Shaw’s company.
However, a huge boost to attracting clients was the sale of part of the shares of Lehman Brothers, and the proceeds made it possible to significantly expand the company's trading capabilities.
Huge capital, as well as authority, allowed Shaw to enter politics and influence the state from within.
So in 1994, Shaw was appointed to the council under President Clinton, and his area of influence was education. In 2009, he was appointed an adviser to President Obama, and in the last elections he financially supported Hillary Clinton's election campaign.
Today, David Shaw's personal fortune is estimated at more than $2.5 billion, and Shaw himself is involved in charity work and supporting scientific projects.