Gerald Hörhan

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Gerald Hörhan

Gerald B. Hörhan (born October 28, 1975 in Vienna ) is an Austrian entrepreneur and author . He became known for his theses on wealth planning and digitization .

life and work

Hörhan attended high school in Mödling and won the silver medal at the International Mathematical Olympiad in Istanbul in 1993 . He studied applied mathematics and economics at Harvard University and was elected to the Phi Beta Kappa fraternity in 1997. He then worked as an analyst for mergers and acquisitions at the private bank JPMorgan Chase & Co. in New York and as a consultant at McKinsey & Company in Frankfurt . In October 2011, the profit participation certificates of his Life Settlement Holding AG were suspended from trading by the Vienna Stock Exchange after the Austrian financial market supervisory authority initiated investigations into suspected unauthorized banking transactions. Since 2003 he has been managing director of Danube Advisory GmbH , a corporate finance company for real estate transactions.

His book Investment Punk made him known in German-speaking countries. On January 31, 2013, the television program Galileo also broadcast a report about Hörhan as an investment punk, in which he explains “how to get rich despite the financial crisis”. At his public appearances, he sometimes shows himself with an implied Iroquois hairstyle and clothes that are reminiscent of the punk scene .

Positions

In his book Investment Punk , Hörhan advocates the thesis that there is a system consisting of states, global corporations and the media that believes the middle class to have to go into debt for private investments. The resulting debt burden then leads to a dependency, which forces the middle class to act in accordance with the system instead of pursuing their own visions. He sees the way out of this dilemma in the behavior of an intelligent punk, who questions the system and says goodbye to the conventions of the middle class with creative ideas. Since for him consumer debts mean the direct route to modern wage slavery, he recommends not to spend more than you earn yourself. Nor should you buy anything you have no idea about. In his opinion, the most important rule of conduct when investing is that you should never do what the masses are doing.

In his second book, Gegengift , Hörhan describes in his provocative way how the political class exploits its own youth in order to protect the interests of the elderly, while these youth, because they do not know economic contexts, do not recognize this development.

In his latest book The Silent Robbery: How the Internet Destroys the Middle Class and What Winners of the Digital Revolution are Doing Different , he deals with the topics of digitization and social media and the major changes that accompany these developments. He advocates the thesis that many professional and business fields will change radically and that there will be many losers and only a few winners. He describes this social development with the word "Olympic principle", where only the top places count, while there are no significant improvements for the general public.

Reviews

The reactions to his first, commercially very successful, book Investment Punk were very mixed. Hörhan was received negatively in a review in the Frankfurter Allgemeine Zeitung , where editor Philipp Kron wrote that the stock market wisdom of this book could have been put into a ten-page folder. In his final evaluation he titled Hörhan's work as a book for masochists . Christoph Kapalschinski, a reviewer of the Handelsblatt , insinuates that the reader of the book hopes to have fallen victim to a satire. In his view, the book offends less the middle class than the intellect. On the other hand, the reactions in the Austrian media were milder. The daily newspaper Die Presse interviewed the author in detail about the theses of his book. Corinna Milborn described him in the business magazine trend as the bad boy of the economic crisis who, in his first work, insulted the middle class in a most amusing way.

In the Wiener Zeitung , Christian Ortner described Hörhan's second book Gegengift in a review as an easy-to-understand book with a high level of utility, especially for economically inexperienced readers. Despite the wet research style in which the book is written, the advice is plausible and credible.

Fonts

  • with Roland Mittendorfer: What comes after the euro? Challenges and consequences for the most important industries, your company, economic and tax policy, labor markets, competition. Ueberreuter, Vienna et al. 1998, ISBN 3-7064-0438-9 .
  • Investment punk. Why you work and we get rich. Edition a, Vienna 2010, ISBN 978-3-99001-008-2 .
  • Antidote. (How your future is stolen. What you can do about it). Edition a, Vienna 2011, ISBN 978-3-99001-029-7 .
  • No way up the plot. Why the wimps always make a career and how you can still do it. edition a, Vienna 2013, ISBN 978-3-99001-058-7 .
  • The silent robbery. How the internet is destroying the middle class and what winners of the digital revolution are doing differently. Edition a, Vienna 2017, ISBN 978-3-99001-212-3 .

Web links

Individual evidence

  1. ↑ 34th International Mathematical Olympiad 1993. Individual results .
  2. ^ Phi Beta Kappa Elections .
  3. ↑ lateral thinker Gerald Hörhan , website www.puls4.com, accessed on April 7, 2018
  4. ↑ Robert Prazak: Gerald Hörhan: The ?? investment punk ?? goes on sales again. November 8, 2013, trend.at.
  5. ↑ Gerald Hörhan , website www.controller-institut.at, accessed on April 7, 2018
  6. ↑ a b Christoph Kapalschinski: The Investment punk. Review in Wirtschaftswoche, June 12, 2010, source: Handelsblatt Online
  7. ↑ Galileo. Investment punk. Episode 29 Season 2013. prosieben.de
  8. ↑ a b c Investment banker: "You kick, we get rich" , website diepresse.com, accessed on April 7, 2018
  9. ↑ a b Gerald Hörhan: "There will be few who have a lot and many who have nothing." , Website www.trend.at, accessed on April 7, 2018
  10. ↑ a b Hörhan, Gerald: Public abuse , website, accessed on April 8, 2018
  11. ↑ "If you don't understand, you die" , website www.trend.at, accessed on April 7, 2018
  12. ↑ Thoughts - deep as a puddle. FAZ-online May 25, 2010.
personal data
SURNAME Hörhan, Gerald
ALTERNATIVE NAMES Hörhan, Gerald B.
BRIEF DESCRIPTION Austrian manager, investor and author
DATE OF BIRTH October 28, 1975
PLACE OF BIRTH Vienna