RyeGPT People of Note: Edgar Wachenheim III, Investor and Author
RyeGPT People of Note is a series highlighting individuals who have a connection to the City of Rye. In the series we ask OpenAI’s ChatGPT to prepare a biography and explain the individual’s connection to Rye.
We welcome your feedback on this series – the use of artificial intelligence, the accuracy and usefulness of each article and your assistance in understanding other pertinent insights related to the person’s connection to Rye.
You can add comments at the bottom of each article or you can send feedback via Tips & Letters.
Today, meet Edgar Wachenheim III, investor and author.
Edgar Wachenheim III is a distinguished American investor, philanthropist, and author renowned for his value-investing philosophy. Born in 1940, Wachenheim has built an impressive career over several decades, becoming a respected figure in the investment community. He is best known as the Chairman and Chief Portfolio Manager of Greenhaven Associates, a privately owned investment management firm he founded in 1987. Under his leadership, Greenhaven Associates has delivered consistent long-term returns, focusing on undervalued equities with significant growth potential.
Wachenheim graduated from Williams College with a degree in economics and later earned an MBA from Harvard Business School. He began his career at Goldman Sachs, where he honed his skills as an analyst before moving on to become a senior investment officer at Central National-Gottesman, a private investment firm. His deep understanding of market dynamics and rigorous analytical approach have been the bedrock of his success in the investment world.
In addition to his professional accomplishments, Wachenheim is also the author of “Common Stocks and Common Sense,” a book in which he shares his insights and experiences in the investment industry. The book has been well-received for its practical advice and real-world examples, reflecting Wachenheim’s commitment to educating others about the principles of value investing. He has been involved in various charitable endeavors in Rye and the broader Westchester County area, contributing to causes related to education, healthcare, and community development.
Wachenheim and his wife Sue have strong ties to Rye, New York, where he has been a long-time resident. His connection to the community is reflected not only in his personal life but also in his philanthropic activities. He is trustee emeritus and former board president of Rye Country Day School (1983 – 1993). In December 2022, the Jay Heritage Center (JHC) on the Boston Post Road in Rye announced the receipt of a $1.5 million gift to open the Sue and Edgar Wachenheim III Exhibit and Performance Center.
