The founder of family office, Hawkes Financial LLC, Arthur “Art” J. Samberg is an alumnus of the Massachusetts Institute of Technology (MIT). Art Samberg was interviewed by AeroAstro, an annual publication of MIT’s Department of Aeronautics and Astronautics, for its 2016 issue.
In the published interview, he talked about his time as an MIT student who could solve the equations but did not really have a feel for the fields of aeronautics and astronautics, and who considered himself a very average student. Working at Lockheed Corporation, he found he could do the job but realized he would never excel. After earning his MBA from Columbia University, he entered the world of finance, found his passion, and soared.
He later founded Pequot Capital Management, Inc., which at one point became the world’s largest hedge fund. The interview also touched on his generous donations to MIT including the Samberg Conference Center and substantial scholarship aid. His parting words to students is to live life to the fullest by following your passion, whatever that may be, and to care for others.
Holding extensive experience in both the financial services industry and the field of hedge funds, Arthur “Art” Samberg is the former president of Dawson-Samberg Capital Management. Now operating out his family office, Hawkes Financial, LLC, Art Samberg has enjoyed success in founding his own companies.
Small business owners are often tripped up by the financial aspects of running a company. Thankfully, current technology can make managing company finances simpler. Business owners should look to automate payments wherever possible, which saves them the time that would be required to process them manually. However, care must be taken to ensure the account nominated for payments always has adequate funds.
Procrastination is also the enemy of small business owners, particularly those who are not financially astute. Many make the mistake of putting aside financial concerns to focus on the services their companies provide, leading to confusion when they need to address their finances. The best way around this is to create a schedule that allots some time each day for sifting through the financials.
Alternatively, keep in mind that many small businesses now hire professionals to handle finances. According to statistics published by the Wall Street Journal, 50 percent now have either a chief financial officer or controller. Investing in professional services is increasingly being seen as a means for simplifying and streamlining the financial aspects of small business ownership.