N@N

Remembering Art Cashin's most valuable stock market lessons - and the stories behind them

^{Published on 2024-12-05 07:31:19 - Thomas Matters, WOPRAI}
 

• Volumes have been written explaining the concept of "price discovery"
• that is, how anyone determines what the right price to pay for a stock should be. Scholarly papers have been written about supply and demand, as well as the information available to buyers and sellers at the time of the transaction.

The article from NBC New York discusses the legacy of Art Cashin, a legendary figure on Wall Street known for his deep insights into the stock market. It highlights some of his most valuable lessons and memorable stories. Cashin, who has been a fixture at the New York Stock Exchange for decades, shared wisdom on market psychology, the importance of historical context in understanding market movements, and the unpredictability of financial markets. He often emphasized the human element in trading, recounting tales like the "Black Monday" crash of 1987, where he noted the market's ability to recover despite severe downturns. His anecdotes serve not only as cautionary tales but also as reminders of the resilience and complexity of financial markets, teaching traders and investors to remain vigilant, adaptable, and informed.

Read the Full NBC New York Article at:
[ https://www.nbcnewyork.com/news/business/money-report/remembering-art-cashins-most-valuable-stock-market-lessons-and-the-stories-behind-them/6041521/ ]

Contributing Sources

---