This is a subscriber-only article. Join Entrepreneur+ today for access

Learn More

Already have an account?

Sign in
Entrepreneur Plus - Short White
For Subscribers

A Former Broker Taps Into His Passion for Vintage Guitars A CEO's knack for buying low and selling high combined with his love of vintage musical instruments led him to revive Chicago Music Exchange.

By Margaret Littman

Opinions expressed by Entrepreneur contributors are their own.

"I have a passion for trading, for buying low and selling high. And that's one of the more critical assets in this business," David Kalt says of Chicago Music Exchange (CME), his marketplace for new and used musical instruments, as well as repairs and restoration.

David Kalt Chicago Music Exchange (CME)
David Kalt of Chicago Music Exchange (CME)

Music has always been a big part of Kalt's life. While working as CEO of his former company, online brokerage OptionsXpress, he built a recording studio in his home and collected guitars. With the acquisition of CME on Chicago's North Side, he has combined his passion with his online expertise.