Martin Edward Zweig (July 2, 1942 – February 18, 2013) was an American

stock investor A stock trader or equity trader or share trader, also called a stock investor, is a person or company involved in trading equity securities and attempting to profit from the purchase and sale of those securities. Stock traders may be an inve ...

, investment adviser, and

financial analyst A financial analyst is a professional, undertaking financial analysis for external or internal clients as a core feature of the job. The role may specifically be titled securities analyst, research analyst, equity analyst, investment analyst, o ...

. According to ''

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

'' 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 The Pierre is a luxury hotel located at 2 East 61st Street, at the intersection of that street with Fifth Avenue, in Manhattan, New York City, facing Central Park. Designed by Schultze & Weaver, the hotel opened in 1930 with 100+ employees, ...

Fifth avenue Fifth Avenue is a major and prominent thoroughfare in the borough of Manhattan in New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 populatio ...

Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five Boroughs of New York City, boroughs of New York City. The borough is also coextensive with New York County, one of the List of co ...

. It was listed on the

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the U ...

real estate Real estate is 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 (also) an item of real property, (more genera ...

market in 2004 for $70 million and in March 2013 for $125 million. His particular investing methodology was based on selecting growth stocks that also have certain value characteristics, through a system that uses both

fundamental analysis Fundamental analysis, in accounting and finance, is the analysis of a business's financial statements (usually to analyze the business's assets, liabilities, and earnings); health; and competitors and markets. It also considers the overall st ...

and

market timing Market timing is the strategy of making buying or selling decisions of financial assets (often stocks) by attempting to predict future market price movements. The prediction may be based on an outlook of market or economic conditions resulting fro ...

. He died in 2013 at the age of 70.

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 business schools, including a BSE from the

Wharton School of the University of Pennsylvania The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in P ...

in 1964, an MBA degree from the University of Miami School of Business in 1967, and a Ph.D. in finance from

Michigan State University Michigan State University (Michigan State, MSU) is a public university, public Land-grant university, land-grant research university in East Lansing, Michigan. It was founded in 1855 as the Agricultural College of the State of Michigan, the fi ...

in 1969. He later taught finance at Iona College and

Baruch College Baruch College (officially the Bernard M. Baruch College) is a public college in New York City. It is a constituent college of the City University of New York system. Named for financier and statesman Bernard M. Baruch, the college operates und ...

''Winning on Wall Street''

Zweig began his career in the 1970s as an investment newsletter writer and contributed numerous articles to

Barron's Magazine ''Barron's'' is an American weekly magazine/newspaper published by Dow Jones & Company, a division of News Corp. Founded in 1921 by Clarence W. Barron (1855–1928) as a sister publication to ''The Wall Street Journal'', ''Barron's'' covers U.S ...

. He went on to become a successful and influential investment adviser on

Wall Street Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for ...

, known for his exhaustive data studies. In 1986, Zweig authored the book ''Winning on Wall Street''. In it, he called

Jesse Livermore Jesse Lauriston Livermore (July 26, 1877 – November 28, 1940) was an American stock trader. He is considered a pioneer of day trading and was the basis for the main character of ''Reminiscences of a Stock Operator'', a best-selling book by Edw ...

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 ''Reminiscences of a Stock Operator'' is a 1923 roman à clef by American author Edwin Lefèvre. It is told in the first person by a character inspired by the life of stock trader Jesse Livermore up to that point. The book remains in print () ...

''.

Mutual fund manager

Zweig appeared regularly on

PBS The Public Broadcasting Service (PBS) is an American public broadcaster and non-commercial, free-to-air television network based in Arlington, Virginia. PBS is a publicly funded nonprofit organization and the most prominent provider of ed ...

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 Black Monday is the name commonly given to the global, sudden, severe, and largely unexpected stock market crash on Monday, October 19, 1987. In Australia and New Zealand, the day is also referred to as ''Black Tuesday'' because of the time ...

occurred on 19 October 1987. 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''.

Personal life

Although no cause of death was given in his obituary, Zweig had been treated for cancer, and underwent a liver transplant in 2010 with tissue from his younger son.

Bibliography

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References

External links

Interactive Zweig Model

Martin Zweig Unofficial Web Site
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' {{DEFAULTSORT:Zweig, Martin 1942 births American money managers American financial analysts Businesspeople from Cleveland Stock and commodity market managers University of Miami Business School alumni Wharton School of the University of Pennsylvania alumni 20th-century American Jews Michigan State University alumni American investors American stock traders 2013 deaths 20th-century American businesspeople 21st-century American Jews