Interview with George Muzea Advisor To Stanley Druckenmiller And Insider Trading ExpertJacob Wolinsky
ValueWalk's Raul Panganiban interviews George Muzea, the author of "The Vital Few vs The Trivial Many." Intro followed by podcast for all readers and transcript for premiumn subscribers
George Muzea has nearly forty years of experience as an investment professional. He is founder and President of Muzea Insider Consulting Services LLC, which advises well-known money management firms and whose impressive client list includes famed speculator George Soros’s right-hand man, Stanley Druckenmiller, and other former Soros Fund Management partners. Muzea is frequently quoted in both print and broadcast media and is a popular speaker at investment forums nationwide.Visit George Muzea at www.vitalfew.info.
George Muzea's unique approach and market savvy make this a must-read for any investor who is serious about trying to understand what is really going on inside companies. He is hands-down the best analyst of insider activity in the business."
- Jon Jacobson
Managing Director, Highfields Capital
"George Muzea is an insider trading whiz He sells his research to the creme de la creme in institutional investors His market calls have been uncanny Knowing men like George is one of the perks of my job."
- Herb Greenberg
"Most investors lose money in the stock market because of a lack of discipline. George Muzea provides a distinct course of action for those who want to win instead of lose. Having followed the market and Mr. Muzea for a number of years, I have no doubt that those who read this book would become better investors."
- Stanley Druckenmiller
General Partner, Duquesne Capital
Interviewer: Hello, podcast listeners. Today’s a very special episode. I have George Muzea, he’s the author of The Vital Few Versus the Trivial Many. He founded and is president of Muzea Advisors. George has over 40 years as an investment professional. He graduated University of Connecticut with a B.S. in business administration and received an NBA from New York University. I want to welcome George to the show and I want to welcome all of our listeners to a very special episode.
Welcome to Value Walk with Rahul.
I just wanted to welcome all of our listeners to a very special episode. I have George Muzea. He is the author behind The Vital Few Against the Trivial Many. George, welcome to the show.
Interviewee: Thank you, Rahul.
Interviewer: All right. Yes, so can you just tell me about your background and what led you to finance and investment?
Interviewee: Yes. Well, I have started my career years ago as a stock broker. I did that for about 20 years. In the course of my career, I’d say 5 years into it, when I was trying to figure out what my job was to help people make money, retail clients. The market I had experienced, I realized that the firms recommended list was not going to help me in helping my clients make money because the entire recommended list of the firm I was with was on a new-low list, at the bottom of the market. I realized I was going to have to do it on my own and find a better way of doing it.
I was influenced about a year later when I read an article on the fortunate magazine about Bill Fredo Frito, who was a 19th century economist in Rome, who discovered that 80 percent of the wealth in Italy was controlled by 20 percent of the people. He came out with the 80/20 principal. Basically, the 80/20 principal states that in any organization or enterprise, whether it’s political or business oriented, especially business, 80 percent of the productivity comes from 20 percent of the people.
80 percent of the promise come from 20 percent. I was fascinated with that concept of the 20 percent. I did some research and found that the 80/20 percent slowly evolved into the Vital Few Versus the Trivial Many. The vital few being the 20 percent and the trivial many being the masses, the 80 percent. There were many books written that were collared by those two versus the trivial many. There was nothing for stock market investors. I set out to find a way of identifying the vital few. It turns out in my travels, I was at a stock and bond club meeting in Fort Lauderdale, Florida. I met a fellah who was marketing insiders and I talked with him.
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