Wall Street: Accent on Youth

"I had observed that a lot of guys who were idiots made millions of dollars. With my background and the confidence that I wasn't an idiot, I figured that I could do as well and get rich."

That philosophy prompted 26-year-old Lawrence Rosenthal to set up shop as a Manhattan investment banker. Six years later, at a ripe old 32, Rosenthal is a multimillionaire, and his L. M. Rosenthal & Co. has become a phenomenon in the clubby world of investment banking that is dominated by venerable firms led by partners who are...

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