Martin Zweig | |
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Born |
Martin Edward Zweig July 2, 1942 Cleveland, Ohio, U.S. |
Died | February 18, 2013 Fisher Island, Florida, U.S. |
(aged 70)
Nationality | American |
Alma mater |
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Occupation | Financial analyst and investment advisor |
Martin Edward Zweig (July 2, 1942 – February 18, 2013) was an American , 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. It was listed on the New York City real estate market in 2004 for $70 million and in March 2013 for $125 million. His particular investing methodology was based on selecting that also have certain value characteristics, through a system that uses both fundamental analysis and market timing. He died in 2013 at the age of 70.
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 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.
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. 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 .