Charles Corm II
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Charles Corm II | |
|---|---|
| Born | Charles David Corm January 31, 1974 Beirut, Lebanon |
| Education | Columbia Business School |
| Occupation | Investor |
| Known for | Founding CORMCO |
| Title | Founder and Managing Partner of CORMCO |
| Spouse | Lynn Dagher |
| Children | Carma, David |
| Parent(s) | David Corm, Maya Shahid |
| Relatives | Charles Corm (grandfather), Daoud Corm (great-grandfather) |
Charles Corm II (born January 31, 1974) is a Lebanese investor who serves as Managing Partner of CCORMCO LLC (referred to as CORMCO), a private investment company he founded in 1998 and focused on public and private companies in the global tech, biotech, and real estate industries.[1][2][3][4] From 1998 to 2001, CORMCO invested in a string of high-profile IPOs, such as Broadcom in 1998, Nvidia in 1999, these two companies now being, more than 25 years later, among the 10 most valuable technology companies in the world.[5][2][1][6]
Early life
Charles was born on January 31, 1974, in Beirut, Lebanon. His mother, Maya Shahid, is a Lebanese painter and his father, David, is a Lebanese architect and businessman.[7] He is the grandson of Lebanese writer and industrialist Charles Corm. His great-grandfather is Lebanese painter Daoud Corm.[7]
In 1975, when the Lebanese Civil War erupted, his parents sought refuge in Paris, where Charles grew up and attended school at Lycée Saint-Louis-de-Gonzague, a highly selective Jesuit school. He later attended Paris Dauphine University, from which he graduated in 1996 with an MSG in economics, management.[1][2]
Charles then earned, in 2003, an M.B.A from Columbia Business School in New York City, where he lived seven years before returning to Beirut, Lebanon in 2003.
Career
Charles started his career in 1997 as a hedge fund analyst, covering US technology and biotechnology stocks on Wall Street.[2][5] In 1998, he quit his job to found CORMCO.[2][1][5]
Through CORMCO, Charles invested in a string of high-profile IPOs, such as Broadcom in 1998 and Nvidia in 1999, these two companies now being, more than 20 years later, among the 10 most valuable technology companies in the world.[2][1][5] Other notable investments include Emaar Properties in 2000 (IPO), Qualcomm in 2003, Biogen in 2008, Dropbox in 2012, Natera in 2018, Xiaomi in 2020, and Coinbase in 2021 (IPO).[1][4][6] While most investment firms at the time spent considerable time, money, and manpower trading equities, CORCMO was an early proponent of patient capital, allowing CORMCO to achieve superior investment returns from 1999 to 2024.[8][9][6][4]
Personal life
Charles now lives in Beirut, Lebanon, where he returned to in 2003. He is married to Lynn Dagher. They have two children, Carma and David. Charles is also, in his free time, an exhibited digital painter and digital designer.
References
- ^ a b c d e f Electronic Data Gathering, Analysis, and Retrieval (EDGAR). "sec.gov/cgi-bin/browse-edgar/cormco_llc". www.sec.gov. Retrieved 2024-05-25.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ a b c d e f Kwatinetz, Mike; Wood, Danielle Kwatinetz. The Big Tech Score: A Top Wall Street Analyst Reveals Ten Secrets to Investing Success. John Wiley & Sons. ISBN 978-0-471-43665-2.
- ^ Ginsberg, Ari. Investing in New Information Technology: The Role of Competitive Posture and Issue Diagnosis (Classic Reprint). FB&C Limited. ISBN 978-0-243-07486-0.
- ^ a b c Bushnell, Mitch. "CORMCO - About". New York City: CORMCO LLC.
- ^ a b c d Huisman, Kuno J. M. Technology Investment. Springer Science & Business Media. ISBN 978-0-7923-7487-9.
- ^ a b c Bushnell, Mitch. "Charles Corm II – Public trading activity". Wallmine. Retrieved 2024-08-12.
- ^ a b Franck Salameh Charles Corm: An Intellectual Biography
- ^ Sharma, Sanjay; Sharma, Pramodita. Patient Capital. Cambridge University Press. ISBN 978-1-107-12366-3.
- ^ Kaplan, Stephen B. Globalizing Patient Capital. Cambridge University Press. ISBN 978-1-107-18231-8.
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