Passive investors

As Founder Retires, GGHC Ends 2017 On High Note, Aided By Mega Telecom Bidding War

With the average retirement portfolio returning 48.6% in 2017, up 10.6% in the fourth quarter alone,  after 50 years, Richard Gilder is leaving the firm he founded, Gilder Gagnon Howe & Company (GGHC), on a high note. The man known to slip a $50 bill to employees working in the building as he was leaving for the day is credited as the one who “defined the art of stock speculation,” according to a GGHC letter to investors reviewed by ValueWalk.


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