Our guests are Jay Rosenberg and Malcolm Gissen. Our subject is “Surviving in the new American economy

Jay Rosenberg is the Principal and Chief Investment Officer of Arrival Capital Management LLC. He has been a finance and legal professional for the past twenty years, as well as an active investor. He holds JD (law)and MBA (business) degrees from Columbia University, where he studied value investing, behavioral finance, and valuation techniques from some of the foremost practitioners and academics in the field.

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Mr. Rosenberg has served in government, as both a federal law clerk and as Deputy Chief of Staff for the Deputy Mayor for Finance and Economic Development of the City of New York. He has also been the Capital Finance Director of a publicly traded education management corporation. He graduated Magna Cum Laude from the University of
Pennsylvania, where he studied economics and history. Jay grew up in New York and New Jersey, and graduated from the Horace Mann School. He now resides in Manhattan with his wife, Lilli, and three children.

Malcolm Gissen, a native New Yorker, who grew up in Mount Vernon, NY, has co-managed Malcolm H. Gissen & Associates Inc., an investment advisory firm in San Francisco, California, since its founding in 1985. The firm manages money for affluent individuals and for retirement accounts.

Three years ago Gissen and the firm's Chief Investment Officer Marshall Berol founded the Encompass Fund, a SEC-licensed open-ended mutual fund. The Fund can invest in any sector of the market the manager’s desire. Since its inception, the Fund has emphasized metals and energy companies, but it invests in many different sectors, in companies of all sizes and in many Canadian mining companies. The Encompass Fund has gained 79% this year to rank among the top 10 funds out of the 18,000 mutual funds tracked by Morningstar. Gissen is a graduate of Case Western Reserve University and the University of Wisconsin.

Richard J. Garfunkel Host of The Advocates	Mal Gissen	Jay Rosenberg