Norman H. Lehrer served as Chairman Emeritus of the Investment Committee. His honorary title recognizes that, while he had retired, he continued to hold an advisory position, which permitted Alpha Cubed Investments to take advantage of his extensive knowledge and 70+ years of experience in the investment world. He had two careers: the first in electronics from 1951 to 1980 and the second in investments after that.
Norman’s first encounter with investments was as a runner one summer in the 1940s for Harris Upham and Co., a broker-dealer located at 14 Wall Street in New York. Upon his marriage to Lenore, the couple started investing in 1949, which turned out to be quite successful. While working in the electronics industry, Norman occasionally made speeches concerning investments. As a result of these speeches, starting in 1965, various people requested that he manage their money, and by the end of 1979, he was managing almost one million dollars. At that point, the decision was made to transition from the electronics business into the investment management business.
In 1979, Norman passed the N.A.S.D. Series 1 General Securities Examination and became a Registered Investment Adviser, founding Lehrer Management Company. In 1996, he passed the N.A.S.D. Series 65 Investment Adviser General Law Examination, which was required for some states outside of California. By 2011, the funds under management had grown to over $300 million, and Lehrer Management Company was then sold to Alpha Cubed Investments in 2012.
Norman received a B.S. in physics from the College of the City of New York in 1951 and an M.S. in physics from New York University in 1954. After graduation, he worked in the electronics industry until about 1980. From 1956 to 1968, he was employed at the Hughes Research Laboratory in Malibu, California, one of the world’s leading research laboratories, rising from a member of the technical staff, to section head, and finally department manager. In 1968, he was selected as one of the initial twelve outstanding inventors of the Hughes Aircraft Co. for his invention of the Multimode Tonotron Storage Tube. This was the first device that could produce a bright, non-fading radar display, resulting in a substantial increase in the detection range. It was employed in several fighter aircraft of the world, including the F106, the F14, the Mirage III, and the Swedish Viggend.