Great investors in history: Georges Doriot
Georges Doriot set out to encourage private sector investment in companies run by soldiers who were returning from the Second World War.
Georges Doriot was born in Paris in 1899. He briefly served as an officer in the French army during World War I, before finishing his degree in 1920. He moved to America to do an MBA at Harvard Business School. He dropped out after a year to work on Wall Street, but in 1925 returned to Harvard as an assistant dean.
During World War II he served in the army as a quartermaster, rising to the rank of brigadier general. In 1946, he founded venture capital fund American Research and Development Corporation (ARDC), which he ran until 1971.
What was his strategy?
Did this work?
What were his biggest successes?
What are the lessons for investors?
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