Kurt-Feshbach

Kurt Feshach never followed tradition: from not finishing high school to playing professional poker in order to supplement his income when he first started in the shorts investment market.

After leaving high school, Kurt Feshbach lived in Israel for 18 months on a kibbutz. Upon returning to the States, he tried going to junior college, but again found higher education wasn’t for him. He ended up working in a gum factory for $2.50 an hour, lasting about 9 months and haven’t had a "real job" since.  

For the next few years he tried selling various things including gold and diamond jewelry. In 1978 he met a diamond and estate dealer who put him in business in the diamond and estate jewelry trade.  He is still a dear friend and one of many who gave Kurt a good starting chance in life.

Learning about value started with diamonds, learning about people started with judging poker players. You can also learn value from understanding the value of cards in your hand.  Do they have it or don’t they, can you call someone with all of your chips if that will put you out of the game?

In 1980 he left the diamond business and started doing financial public relations for small oil and gas companies. At that time he met one of his early mentors who taught me how to read balance sheets and income statements. He showed Mr. Feshbach over and over again how to do valuations and how to understand business and their economics.  

Kurt Feshbach has shorted hundreds of stocks over the years; many are no longer around. His scope has included energy, entertainment, financials, retail, restaurants, fads, frauds, dumb ideas, uneconomic ideas and companies who have missed the mark entirely.