Martin Zweig
Encyclopedia
Martin E. Zweig is an American
stock investor, investment advisor
, and financial analyst
. He is, according to Forbes Magazine renowned for his "eccentric and lavish lifestyle" as well having the most expensive residence in the United States. It was listed on the New York City
real estate
market a few years ago for $70 million. His particular investing methodology is based on selecting growth stocks that also have certain value characteristics, through a system that uses both fundamental analysis
and market timing
.
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
.
. He went on to become a successful and influential investment advisor 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
.
, and in 1992 he was voted into the program's Hall of Fame. It was on that very program that he stated on October 16, 1987, that he was deeply worried and did not like what he saw in the stock market, three days before the 1987 stock market crash
. He is currently 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.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
stock investor, investment advisor
Investment Advisor
The term Investment Advisor is an individual or firm who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability of investing in, purchasing, or selling securities...
, and financial analyst
Financial analyst
A financial analyst, securities analyst, research analyst, equity analyst, or investment analyst is a person who performs financial analysis for external or internal clients as a core part of the job.-Job:...
. He is, according to Forbes Magazine renowned for his "eccentric and lavish lifestyle" as well having the most expensive residence in the United States. It was listed on the New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
market a few years ago for $70 million. His particular investing methodology is based on selecting growth stocks that also have certain value characteristics, through a system that uses both fundamental analysis
Fundamental analysis
Fundamental analysis of a business involves analyzing its financial statements and health, its management and competitive advantages, and its competitors and markets. When applied to futures and forex, it focuses on the overall state of the economy, interest rates, production, earnings, and...
and market timing
Market timing
Market timing is the strategy of making buy or sell decisions of financial assets by attempting to predict future market price movements. The prediction may be based on an outlook of market or economic conditions resulting from technical or fundamental analysis...
.
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. Following high school, he earned degrees from three of the nation's leading business schools, including a BSEBachelor's degree
A bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...
from the Wharton School of the University of Pennsylvania
Wharton School of the University of Pennsylvania
The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States...
in 1964, an MBA degree from the University of Miami
University of Miami
The University of Miami is a private, non-sectarian university founded in 1925 with its main campus in Coral Gables, Florida, a medical campus in Miami city proper at Civic Center, and an oceanographic research facility on Virginia Key., the university currently enrolls 15,629 students in 12...
in 1967, and a Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...
in finance from Michigan State University
Michigan State University
Michigan State University is a public research university in East Lansing, Michigan, USA. Founded in 1855, it was the pioneer land-grant institution and served as a model for future land-grant colleges in the United States under the 1862 Morrill Act.MSU pioneered the studies of packaging,...
in 1969. He later taught finance at Iona College
Iona College (New York)
Iona College is located in New Rochelle, New York, 20 miles north of Manhattan in suburban Westchester County. The college occupies 35 acres on North Ave. The college also operates a Graduate Center in Pearl River, Rockland County, New York....
and Baruch College
Baruch College
Bernard M. Baruch College, more commonly known as Baruch College, is a constituent college of the City University of New York, located in the Flatiron district of Manhattan, New York City. With an acceptance rate of just 23%, Baruch is among the most competitive and diverse colleges in the nation...
.
Winning on Wall Street
He started his career in the 1970s as an investment newsletter writer and contributed numerous articles to Barron's MagazineBarron's Magazine
Barron's is an American weekly newspaper covering U.S. financial information, market developments, and relevant statistics. Each issue provides a wrap-up of the previous week's market activity, news reports, and an informative outlook on the week to come....
. He went on to become a successful and influential investment advisor on Wall Street
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...
, 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
Edwin Lefèvre
Edwin Lefèvre was an American journalist, writer, and statesman most noted for his writings on Wall Street business.Lefèvre was born George Edwin Henry Lefèvre on 23 January 1871 in Colón, Colombia , the son of Henry Lefèvre , who was for many years the general agent of the Pacific Steamship...
book Reminiscences of a Stock Operator
Reminiscences of a Stock Operator
Reminiscences of a Stock Operator is a 1923 novel by American author Edwin Lefèvre which is the thinly disguised biography of Jesse Lauriston Livermore...
.
Mutual fund manager
Zweig appeared regularly on PBS television's Wall $treet Week with Louis RukeyserWall $treet Week
Wall $treet Week was an investment news and information TV program that was broadcast weekly each Friday on Public Broadcasting Service in the United States. It had a host and guest experts participating in discussions on the stock market and focuses on forecasts...
, and in 1992 he was voted into the program's Hall of Fame. It was on that very program that he stated on October 16, 1987, that he was deeply worried and did not like what he saw in the stock market, three days before the 1987 stock market crash
Black Monday (1987)
In finance, Black Monday refers to Monday October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin...
. He is currently the Chairman of Zweig-DiMenna Associates, Inc. He is also featured in John Reese's
John P. Reese
John P. Reese is an American author, financial columnist, and money manager. He has written two books about investing, The Guru Investor: How to Beat the Market Using History's Best Investment Strategies , and The Market Gurus: Stock Investing Strategies You Can Use From Wall Street's Best...
recent book, The Guru Investor: How to Beat the Market Using History's Best Investment Strategies.