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Article: Low-stress securities dealer puts his own money in play. (Lee West)(L.A.'s Moneymakers)
- Article from:
- Los Angeles Business Journal
- Article date:
- August 25, 1997
- Author:
CopyrightCOPYRIGHT 1997 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LEE West's fifth-floor office at Santa Monica-based Drake Capital Securities Inc. defies the usual stereotypes of a stockbroker's office.
There are no guys in rumpled shirts on two phones at once, yelling "Buy!" into one and "Sell!" into the other. There also are no dog-eared financial reports, back issues of the Wall Street Journal or decaying containers of take-out Chinese food.
There's just West's desk, with its four precise stacks of files on the top, a credenza to one side with a computer, a television tuned to CNBC with the sound turned down, and four books propped up against the window including "The Warren Buffet Way," by Robert Hagstrom.
West ...
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... ... absolute steal," said Jay Lustig, a financial analyst at Drake Capital Securities in Santa Monica, Calif. Southland, headquartered ... said Lustig, who runs the high-yield bond department at Drake Capital Securities. "They would be willing to risk a bankruptcy ...
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