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Sep. 1st, 2005 01:52 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
birdwatcherDaniel Loeb, who runs a $3.5 billion hedge fund firm called Third Point LLC, has always had a big mouth. When he was 12, Loeb hectored the bullies at Paul Revere Junior High School in his native Los Angeles. After the kids threatened to beat him up, Loeb fought back - with his wallet. He hired a classmate, Robert Schwartz, as his bodyguard. "Dan's mouth would get him into trouble," Schwartz recalls. "He told everyone that he was paying me 25 cents a day, and no one ever bugged him or me again." Bloomberg Markets, 10, 2005.