Chapter 11

Jeffrey Schachter and Burton Weinstein

Leaving Little to Chance

IT TOOK a remarkable person to inspire Jeff Schachter to finally take the leap and leave his secure Wall Street job to open Cedarview Capital Management with his partner Burton Weinstein. It took rapper LL Cool J.

Schachter, forty-two, doesn't call to mind your average B-boy. He has a slight build, reddish hair, and lives in the New Jersey suburbs with his wife and six children. He had never even heard of the legendary rapper when he met him on a plane in July 2003, just when he and Weinstein were agonizing over whether to launch their own hedge fund.

Schachter was traveling in first class, returning from his father's seventieth birthday celebration in Los Angeles. An ...

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