General Investing >> Money Manager Interviews >> April 19, 1999

Douglas S. Altabef – Matrix Asset Advisors

DOUGLAS S. ALTABEF graduated with a Bachelor of Arts degree from Columbia College and a Juris Doctor degree from Harvard Law School. He practiced corporate trust and estates law at Stroock & Stroock & Lavan from 1977 until 1982. Since 1982, Mr. Altabef has been active in the structuring and marketing of sophisticated financial products and services. He has served as a Managing Director of Lepercq Capital Partners and as a Corporate Vice President of PaineWebber, where he provided financial advisory services to brokers and clients. In 1993, he founded and led Varsity Recreation Holdings, Inc., a recreation and entertainment company. In 1996, Mr. Altabef joined Matrix Asset Advisors to direct its investment advisory and business development efforts. He is also a member of the firm's Investment Policy Committee. Mr. Altabef has served on the boards of various public and private corporations and is a member of the New York State Bar. Profile
Katz, David A.
David A. Katz, CFA, is Matrix Asset Advisors, Inc.’s President and Chief Investment Officer and has overall responsibility for the firm’s investment efforts. He graduated summa cum laude from Union College with a Bachelor of Arts degree in economics. He received a Master of Business Administration degree, with a concentration in finance, from New York University Graduate School of Business in 1987, graduating with distinction. His numerous works on value investing have earned him various awards and distinctions at the undergraduate and graduate levels. Mr. Katz is a CFA charterholder. After initially working at Management Asset Corporation — Westport, Connecticut — Mr. Katz co-founded Value Matrix Management with the late John M. Gates in 1986. He served as the firm’s Senior Vice President and Chief Investment Officer, and was Head of the Investment Policy Committee. In 1990, he merged Value Matrix Management organization into Matrix Asset Advisors. Mr. Katz chairs the investment policy committee and is a portfolio manager/analyst. He appears frequently as a guest on CNBC and Bloomberg Radio, and is a regular contributor on TheStreet.com. Profile
TWST: Gentlemen, how should investors look at 1999? Should they be

building their investment game plan on what worked last year?

Mr. Altabef: We clearly think that last year was an investing