President and CEO / Longview Asset Management
An educated decision
Driven by a passion for learning, Jamie Star ’89 left the legal
profession to build a remarkable career in investing
Halfway through his clerkship with a U.S. federal judge, attorney Jamie Star decided he needed a job where his decisions had real consequences.
A graduate of Harvard University and Yale Law School, Star felt dissatisfied by the level of detachment involved in legal proceedings. "I wasn’t taking any personal risk for my decisions or judgments," he says. "If a client had a problem, I’d do my best to fix it. But I never directly felt the consequences of my choices."
The stock market, by contrast, was all about risk — and it piqued Star’s interest. He enrolled in Kellogg’s Full-Time MBA Program, hoping to carve out a new career in business.
Today, Star serves as president and CEO of Longview Asset Management, a leading Chicago-based private asset management firm that manages accounts for charities, individuals and trusts. The firm, Star explains, takes a long-term approach to investing for its clients and makes investment decisions based on deep research.
"For me, investing is all about learning," Star says. "You’re learning new industries, you’re learning new business models, you’re learning about people and you’re learning about organizational behavior — and where organizations tend to succeed or fail."
Star’s passion for learning has become a driving force in his career, which has included a role at Harris Associates. Star also founded and ran a highly successful hedge fund, Star Partners, for five years before being named president of Longview in 2003.
Along with returns, Star has found great satisfaction in "working hard to come to a decision, placing your capital down and living with that decision," he says. "Sometimes the experience is painful, and sometimes it’s pleasant. But you have to be committed."