| Irving Kahn | |
|---|---|
| Born | December 19, 1905 New York City, New York, United States |
| Nationality | American |
| Education | City College of New York, Columbia Business School |
| Occupation | Financial analyst, Investor, Money manager, Financial advisor |
| Employer | Kahn Brothers Group, Inc. |
| Known for | Chairman of Kahn Brothers Group, Inc. |
Irving Kahn (born December 19, 1905) is an American value investor and, with over 77 years experience in the investment business, one of the oldest financial analysts on Wall Street. He is currently chairman of Kahn Brothers Group, Inc., the privately owned investment advisory and broker-dealer firm that he founded with his sons, Alan and Thomas, in 1978. The firm has approximately $445 million in equities under management according to the Form 13-F filed with the SEC in November, 2009. Kahn still performs an active role at the company at the age of 104.
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Biographical Information
Educated at the City College of New York, Kahn served as the second teaching assistant to Benjamin Graham at the Columbia Business School. At the time, other notable students and/or teaching assistants to Graham included future Berkshire Hathaway chairman Warren Buffett and future value investors William J. Ruane, Walter J. Schloss and Charles Brandes, among others. Graham had such an enormous influence on his students that both Kahn and Buffett named their sons after him. Kahn named his third son, born in 1942, Thomas Graham, and Buffett, his second son, born in 1954, Howard Graham.
Kahn is a Chartered Financial Analyst and was among the first round of applicants to take the CFA exam. Further, he was a founding member of the New York Society of Security Analysts and the Financial Analysts' Journal. Kahn was also a former director of Teleregister Corp., Hugo Stinnes Co., Grand Union Stores, Kings County Lighting, West Chemical, and Willcox & Gibbs. He is the president of the New York City Job and Career Center and trustee emeritus of the Jewish Foundation for Education of Women.
In a magazine article[which?] in 2002, he is quoted as saying: "I'm at the stage in life where I get a lot of pleasure out of finding a cheap stock," adding that his research still pushes him to work evenings and weekends. His son Thomas, currently President of Kahn Brothers Group, has said, "My father continues to research ideas and talk to companies. One of the nice things about this business is that there's no mandatory retirement age, and you allegedly get wiser as you get older."[1]
The Other Kahn
This Irving Kahn is not the same Irving Kahn who was notorious for his criminal involvement in a case that went before the Supreme Court of the United States in 1974 and involved search and seizure. That Irving Kahn is Irving B. (for Berlin, as he was a nephew of composer Irving Berlin) Kahn, a pioneer in the cable TV industry. For information on this case involving the other Irving Kahn, please refer to the decision, United States v. Kahn, from the Supreme Court Collection at Cornell University Law School.
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External links
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