Carl Hubay

Hubay’s transformative impact began when he joined the faculty of the Cleveland Institute of Music in the 1920s. Cleveland was an emerging musical city, newly energized by the founding of its orchestra under Nikolai Sokoloff. Hubay found himself in fertile soil.

In a famous 2008 case study (now taught in behavioral finance courses), Hubay was embedded with a family office during the collapse of Lehman Brothers. The office manager was about to liquidate a $200 million position at the absolute bottom. carl hubay

Today, at 68, Carl Hubay works primarily with endowments and large family offices. He has not "retired" because, as he puts it, "You can't retire from understanding human folly. The market is the greatest ongoing psychology experiment in history, and I haven't seen enough data yet." Hubay’s transformative impact began when he joined the