Who is Karen Firestone From CNBC? Karen Firestone is the Chairman, CEO, and co-founder of Aureus Asset Management, a modern asset management firm targeted to women. People are curious about a CNBC news reporter’s age.
Karen Firestone is a CNBC television news reporter that focuses on stock market and investment news. She is a gifted individual who has made significant progress in her field.
Likewise, she spent 22 years in Fidelity Investments.
She is a diversified fund manager who has worked for Destiny 1 fund, the large-cap fund, large-cap advisor fund, and several institutional non-profit and pension funds.
Who Is Karen Firestone From CNBC? Wikipedia Bio
Karen has handled funds such as the Leisure and Entertainment Fund, the Media Fund, the Air Transportation Fund, the Biotechnology Fund, and the Health Care Fund.
Similarly, she started her career as an assistant fund manager and later moved to Peter Lynch on Magellan fund. Karen moved to an analyst role in the research department, where she was able to cover various industries.
Karen was named twice in the firm’s Institutional Investor Best of the Buy-Side All-Star Team. She received a Bachelor of Arts degree in economics, magna cum laude, from Harvard College and an MBA from Harvard Business School.
Karen Firestone Age: How Old Is She?
Karen Firestone is 66-years old, and she is a talented individual who has been able to provide surface and in-depth analysis of the companies and their investment prospect.
She was considered for Trustee emerita of the Advisory Board trustees of the Beth Israel Deaconess Medical Center and a Director of boys and girls clubs of Boston.
Firestone is a role model to the young girls, she is quite a fit individual, and Karen is also a member of the Boston Marathon as well.
Moreover, Ms. firestone has also published her book titled “Even the Odds: Sensible Risk-Taking in Business Investing and Life” her book was published in 2016 by BIbliomotion, who is a regular contributor to Harvard Business Review.
Five things you should know about Karen Firestone
Karen Firestone was a mutual fund manager at Fidelity Investments for 22 years, and one of the early women overseeing funds at the Boston-based financial giant. In 2005, she cofounded her own firm, Aureus Asset Management, which manages $1.4 billion for wealthy families. Firestone recently published a book on risk-taking, called “Even the Odds.”
1. Firestone’s first job out of Harvard Business School in 1983 was as an assistant fund manager to Peter Lynch, the famous Fidelity manager who ran the flagship Magellan Fund. She got the job even though she was pregnant with twins.
“It was an incredible experience,” Firestone said. “It was what made the people of my generation at Fidelity much better than we probably would’ve ever been. If you have a market genius talking to you every single day, some of it starts to rub off — or you’re not listening.”
2. After the Magellan stint, Firestone joined the ranks of her peers, working on industry sector funds from biotech to health care in a highly competitive environment. She got to run her first diversified stock fund in 1997, and by 2000, at what turned out to be the peak of the Internet bubble, she was appointed to succeed George Vanderheiden on the firm’s large Destiny I fund.
“The work we did at Fidelity, I thought, was deep and was thought-provoking, and it was, to me, fascinating to learn about companies and become an expert at them. That was the idea. You didn’t show up in somebody’s office to tell them about buying a stock unless you could answer all the questions that were going to come back at you. Because you didn’t want to look dumb. You didn’t want to be dumb ever, and particularly you didn’t want to be the dumb girl.”
3. Her new book analyzes risk-taking, from investing and corporate decision-making to running before daylight. She got her first big lesson on the market’s ugly downside in 2000, which, she said, felt even worse to her than when stocks plunged in the financial crisis of 2008.
“2000 and 2001 were really gut-wrenching. In a personal sense, I felt worse in 2000, because there were so many signs of a bubble. My predecessor on Destiny Fund, George Vanderheiden, was so right that this tech bubble was going to burst. He had gotten out of those stocks in 1998,” Firestone said. When she took over, it was tough to stay out of tech stocks, at the risk of falling behind the competition in a go-go market. But the downdraft was painful. “I really felt as if I should have known better in 2000.”
4. Firestone, a youthful 60 who runs with her dogs or spins most mornings, oversaw more than $12 billion at Fidelity. In 2005, she left to start her own firm, Aureus, with David Scudder. Their core equity investment strategy focuses on about 36 stocks at a time. It has returned an average 8.4 percent annually (after fees) since the firm’s launch, beating the benchmark Standard & Poor’s 500 index, which has returned 7.3 percent over that period.
“We try as hard every single day as we did the day before. We don’t coast. Because you can’t,” Firestone said. “We’re measured constantly.”
5. Firestone says she has a tendency to encourage her four kids and others in her life to look at choices through the lens of risk and reward. Her son Mike might have lifted a page from her book when, after working on Senator Elizabeth Warren’s campaign, he became Maura Healey’s campaign manager in her successful 2014 run for attorney general. He recently was named Healey’s chief of staff.
“It was a good risk to take, and they made it happen,” Karen Firestone said of her son’s work on Healey’s campaign.
Karen Firestone Net Worth 2022
Karen Firestone earns more than $35,509 dollars from her work in CNBC, and she was worth more than $250,000 during the early stages of her career as an assistant fund manager.
Hence, at the age of 66-year old, she is likely to be worth around $5-$8 million dollars.
Karen had started her career in the early stages; thus, her investments and other assets are unaccounted for. Nonetheless, Firestone has a comfortable and stable financial wealth in her life.
