Age, Biography and Wiki
Max Heine was born on 1911 in United States, is an American investor. Discover Max Heine's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 77 years old?
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| Age |
77 years old |
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| Born |
1911 |
| Birthday |
1911 |
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| Date of death |
1988 |
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United States
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We recommend you to check the complete list of Famous People born on 1911.
He is a member of famous with the age 77 years old group.
Max Heine Height, Weight & Measurements
At 77 years old, Max Heine height not available right now. We will update Max Heine's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Max Heine Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Max Heine worth at the age of 77 years old? Max Heine’s income source is mostly from being a successful . He is from United States. We have estimated Max Heine's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
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Not Available |
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Max Heine Social Network
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Timeline
Max L. Heine (1911 – March 1988) was a value investor and fund manager in New York City.
Sometime in the late 1930s or early 1940s, Max came across the classic book on value investing, Security Analysis by Benjamin Graham, the well-known mentor of other value investors, including Warren Buffett.
He decided to invest all of the money he and his new bride had in distressed railroad securities.
By analyzing the value of the underlying assets (land, railroad equipment, scrap metals, etc.) and basing his calculations of total value on them, he made a large return on his modest investment.
This deep value analysis became his signature approach to investing and he founded Heine Securities as an investment management company.
A Jewish law student in Berlin, Max fled Nazi Germany in 1934 for New York, where he found work in a department store.
In 1949, Heine founded the Mutual Shares fund, an open-ended mutual fund managed by his company, Heine Securities, and which is still available today as part of the Franklin Templeton family of funds.
The focus of this and other Mutual Series funds has continued to be deep-value and distressed company investing.
Under Max's leadership, the Mutual Series of funds maintained a relatively small set of exclusive investors, only managing about $5 million in 1975.
They specialized in older, higher net worth clients who did not usually have financial advisors, and kept expenses low by not paying commissions or 12b-1 "trails".
The Stern School of Business at New York University has an endowed professorship, the Max L. Heine Professor of Finance, named after him.
The reins of the Mutual Series then passed to his protogé Michael Price, who had already been a full partner in managing the company since 1982.
Heine died in February 1988 when he was hit by a car while vacationing in Tucson, Arizona.
His obituary ran in the New York Times.
He left behind three daughters, Doris, Karin and Peggy and four grandchildren.
As of March 2007, this position is held by Edward I. Altman who has held it since 1988.
