Martin Zweig

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Martin Zweig
Born Martin Edward Zweig
(1942-07-02)July 2, 1942
Cleveland, Ohio
Died February 18, 2013(2013-02-18) (aged 70)
New York, New York
Nationality American
Alma mater Wharton School of the University of Pennsylvania (BSE, 1964)
University of Miami (MBA, 1967)
Michigan State University (Ph.D., Finance, 1969)
Occupation financial analyst and investment advisor

Martin Edward Zweig (July 2, 1942–February 18, 2013) was an American stock investor, investment adviser, and financial analyst. According to Forbes Magazine, he was renowned for his “eccentric and lavish lifestyle” as well as having had the most expensive residence in the United States at the time, atop The Pierre on Fifth avenue in Manhattan.[1] It was listed on the New York City real estate market in 2004 for $70 million[2][3] and in March 2013 for $125 million.[4] His particular investing methodology was based on selecting growth stocks that also have certain value characteristics, through a system that uses both fundamental analysis and market timing.[2] He died in 2013 at the age of 70.[5]

Education

Zweig started buying stocks as a teenager, reputedly purchasing his first stock at age 13 and from that point on vowing to become a millionaire.[2] Following high school, he earned degrees from three business schools, including a BSE from the Wharton School of the University of Pennsylvania in 1964, an MBA degree from the University of Miami in 1967, and a Ph.D. in finance from Michigan State University in 1969. He later taught finance at Iona College and Baruch College.

Winning on Wall Street

Zweig began his career in the 1970s as an investment newsletter writer and contributed numerous articles to Barron's Magazine. He went on to become a successful and influential investment adviser on Wall Street, known for his exhaustive data studies. In 1986 Zweig authored the book Winning on Wall Street (ISBN 0-446-52533-2). In it, he called Jesse Livermore one of his heroes and “one of the most fabulous traders of all time,” recommending that people read the 1923 Edwin Lefèvre book Reminiscences of a Stock Operator.

Mutual fund manager

Zweig appeared regularly on PBS television’s Wall $treet Week with Louis Rukeyser, and in 1992 he was voted into the program’s Hall of Fame. It was on that very program that he stated on 16 October 1987 that he was deeply worried and did not like what he saw in the stock market. The 1987 stock market crash precipitated the next trading day, 19 October 1987.[6] (The stock market went down 8 percent just hours prior to Zweig’s prescient statements.)

At the time of his death Zweig was the chairman of Zweig-DiMenna Associates, Inc. He is also featured in John Reese’s recent book, The Guru Investor: How to Beat the Market Using History’s Best Investment Strategies.

References

  1. ↑ http://www.nytimes.com/2006/12/03/nyregion/thecity/03pier.html?pagewanted=all New York Times article December 3, 2006
  2. ↑ 2.0 2.1 2.2 http://www.forbes.com/2009/02/23/zweig-growth-value-personal-finance_marty_zweig.html Forbes Magazine article of Feb, 23, 2009
  3. ↑ http://www.luxist.com/2004/12/19/more-looks-at-the-70-million-apartment/ Luxist Magazine blurb on apartment, Dec 19, 2004
  4. ↑ http://www.nytimes.com/2013/03/31/realestate/pricey-pierre-hotel-penthouse-returns-to-market.html Opulent, at a Price to Match Mar, 29, 2013
  5. ↑ "Bloomberg.com, Feb. 19. 2013 - Martin Zweig, Who Predicted 1987 Market Crash, Dies at 70". 
  6. ↑ YouTube. "Marty Zweig Calls The 1987 Crash". 

External links

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