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Las Vegas Business Press
Saturday, September 6, 2008
Banker creates a dream job

By Ian Mylchreest
January 10, 2006

One Wall St. banker took the millions he made in the Goodman Sachs IPO and decided to look for his own dream job. And he found it, reports Bloomberg when he bought two golf newsletters that review the best courses around the world.

David Baum bought Golf Insider and folded it into Golf Odyssey and now produces the newsletter near his New Jersey home. He plans to take no advertising to avoid the conflicts of interest that arise when golf magazines rely on ads from the courses and resorts they are reviewing. Instead, Baum hopes that subscriptions will become a regular corporate gift. He’s priced the newsletter at $98, just under the NASD limit.

“If you’re going to take a golf trip, they really tell you how to do it,” Tiger Management chief Julian Robertson, 73, tells the news service. “You know how much it’s going to cost you and what kind of service you’re going to get.” Robertson has an 18 handicap.

His new line of work has apparently not hurt Baum’s game either. He has shaved 10 strokes off his handicap.





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