Trader Analyst Roger W. Babson
Roger W. Babson is a famous stock market analyst who, thanks to his personal trading, was able to earn a huge fortune and even compete for the presidency of the United States with Roosevelt himself.
Roger W. Babson was a well-rounded man who wrote more than twenty books in the field of business as well as investing.
It is worth noting that it was Babson who became the first harbinger of the stock market crash, and his combination of statistics and the laws of physics during the analysis of trading assets caused bewilderment and misunderstanding among his colleagues.
While many scoffed at his approach and comments on the crash, Babson earned himself not only capital, but also enormous prestige in the financial world.
It is worth noting that Roger W. Babson was an excellent careerist, which may have allowed him to write his name in history forever.
So, the main breadwinner of the family was the father, who ran a small shop where he sold textile materials.
Roger's grandfather owned a large farm. From childhood, Roger had a unique approach to money, specifically, an ability to extract it from every possible service he provided.
So, while still a child, he carried buckets of water from the well to the local laundry, for which he received monetary compensation.
The boy also demonstrated tremendous entrepreneurial savvy when the circus came to town. Instead of going to school, he would come to the tent and, for money, give the animals water and try to care for them.
One day, his father found out about his entrepreneurial streak and constant skipping of school, for which, as punishment, he sent him to work for the summer on his grandfather's farm.
But even here Roger did not lose his head and instead of doing hard work with the land, he went to the side of the road and began selling his grandfather’s products, which he actually did very well.
It was at this moment that Roger realized that selling a product was much easier and more profitable than creating it.
Education.
Roger's father envisioned his son as an excellent engineer, so when choosing a university, he insisted that Roger attend the University of Massachusetts to major in engineering. Despite not seeing himself in that field, Roger listened to his father and enrolled in the department.
At the time, the university was very weak, but this did not stop him from establishing an excellent relationship with the dean of the faculty and persuading him to launch a new course related to business creation and self-realization.
Subsequently, the proposed subject not only took root, but also became a separate program at the university.
Job.
After graduating in 1898, Roger W. Babson, instead of pursuing an engineering career, found a job as a bank clerk. His career at the bank developed rapidly, as he found the perfect fit.
After a short stint as a clerk, Roger showed a talent for forecasting and became head of the securities, stocks and bonds trading department.
Unfortunately, Roger became very ill with tuberculosis, so he simply had to forget about working in an office forever.
Business.
Instead of losing heart, he founded his own firm from home, which focused on stock and securities selection based on statistical analysis. The firm was later partially acquired, bringing its owner considerable wealth.
In late 1920, Roger W. Babson gave a speech at a public conference in which he made the defiant claim that the stock market would crash and that the most stable stocks would make significant new lows.
Instead of accumulating shares, Roger urged them to sell them urgently and buy gold, which will grow significantly in price as the most popular asset for risk diversification.
Despite the fact that everyone did not accept his speech, after some time the market collapsed and it was those who listened to him who were able to earn huge fortunes, like Roger W. Babson himself.
The brilliant trader and analyst died on March 5, 1967, a widower.
