Martin Peretz

…New Republic editor and owner Martin Peretz—gave him $500,000 to invest. Cramer’s success with Peretz’s account led to a job with investment bank Goldman Sachs in 1984, shortly after he had earned a law degree from Harvard. Cramer left Goldman in 1987 to open a hedge fund, Cramer Levy Partners.

Martin Peretz, who purchased the magazine in 1974, held the title of editor in chief from 1978 to 2011. By the end of the 20th century, The New Republic was publishing a broader array of editorial opinion and commentary that reflected many political viewpoints, but…