Career
In 1968, he became a junior high school teacher. In 1970, he changed careers and became an investment stockbroker. Within a few years, he was promoted to manager of a branch office.
In 1976, he began publication of an investment newsletter, the Oberweis Report, which reported on emerging growth companies. The Report was rated highly among investment advice newsletters. In 1978, Oberweis and his wife established their own investment management company, Oberweis Securities in Aurora, Illinois. Oberweis Securities was very profitable.
In 1986, Oberweis used his gains from Oberweis Securities to purchase control of his family's business, Oberweis Dairy. He remained active in the investment field, however. In 1987, he founded Oberweis Emerging Growth Fund.
In 1989, he established Oberweis Asset Management (OAM). OAM specializes in "small-cap growth equities investing", and has individual accounts for institutional investors and a family of mutual funds for individual investors. As of the end of 2009, OAM had about $900M under management.
Oberweis moved the Oberweis Dairy from Aurora to its present location in North Aurora. He also began a chain of company-owned dairy stores, and has maintained a dairy delivery business to homes in the Chicago area. A franchise program began in 2004, to expand the dairy business outside of northeast Illinois.
Read more about this topic: Jim Oberweis
Famous quotes containing the word career:
“The 19-year-old Diana ... decided to make her career that of wife. Today that can be a very, very iffy line of work.... And what sometimes happens to the women who pursue it is the best argument imaginable for teaching girls that they should always be able to take care of themselves.”
—Anna Quindlen (b. 1952)
“I began my editorial career with the presidency of Mr. Adams, and my principal object was to render his administration all the assistance in my power. I flattered myself with the hope of accompanying him through [his] voyage, and of partaking in a trifling degree, of the glory of the enterprise; but he suddenly tacked about, and I could follow him no longer. I therefore waited for the first opportunity to haul down my sails.”
—William Cobbett (1762–1835)