Advice From a 105-Year-Old Banker
Don’t be frightened by what you see on the stock market, says an investor who has seen it all in his 82 years of banking. Irving Kahn was a stock analyst during the Great Depression, during which he learned a few lessons about investing the hard way. But learn he did and the lessons resulted in a successful investing firm, which he is still the chairman of. Now, with the many stock analysts predicting the worst for the national economy, Kahn remains unfazed. “I stopped wasting time on what people claimed a stock was worth and started looking at the numbers,” he says. Like his investments in film that pulled him to success in the past, he predicts investments in green technology will lift the economy this time around.
The Daily Beast, August 15, 2011
Written By: David Dudley