YouSaid · the spoken record

Alan Shaw

lines on the record: 59
first: 2017-07-26
most recent: 2017-07-26
sittings or episodes: 1
sources: podcast

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“This was so funny. I mean, really, I still was only making $70 a week, but nevertheless. But Ralph Hakapor, Ralph Rottenham communed with a fellow by the name of Jim Morgan. Princeton every day. Jim Morgan was the head of a firm called Morgan Rogers and Roberts, which was headquartered at 140 Broadway. Morgan Rogers and Roberts in those days were the purveyors of point and figure data, point and figure numbers to make point and figure charts, and they had a chap on their step by the name of Alexander H. Wheelan, who had just published a booklet called Study Helps in Point and Figure Technique.”
2017-07-26 · Masters in Business · Alan Shaw Says the Days of Charting Stocks By Hand Are Over · IDENTIFIED FROM THE TRANSCRIPT · source
“Because there was an item coming into the industry called Convenience Foods. As a matter of fact, I had a whole paragraph about a guy named Clarence Birds Eye. There was actually a guy named Birds Eye, you know, who invented the frozen food. And the profit margins on these products were exorbitant. It was amazing. And most of it was all going down to the bottom line. And I highlighted all of that in this report and just scads and scads the companies recommended because there are so many of them from general foods to Hershey chocolate to berry biscuit. I mean, names that are no longer around, some of them. Now, little did I know at the time that my report was being published during a stock market cycle which was heavily favoring consumer non-durable stocks. Within the next year, every stock in this report, if it did double or tripled. I was an instant hero of the research department.”
2017-07-26 · Masters in Business · Alan Shaw Says the Days of Charting Stocks By Hand Are Over · IDENTIFIED FROM THE TRANSCRIPT · source
“Could you give me possibly a chance of following the food industry? And he said, well, okay. You sure about that? And I said, yes, I'm sure about it. And so he let me off on my own. I did research, but upon research, upon research, upon research. And the end result was the publishing of my very first research report, the September 1960 under the Harris Uppam heading at the top. Investment opportunities of the food industry. And we tried our best to put forth why these stocks should be looked upon as growth stocks and not widowing often income stocks.”
2017-07-26 · Masters in Business · Alan Shaw Says the Days of Charting Stocks By Hand Are Over · IDENTIFIED FROM THE TRANSCRIPT · source
“So Aristophan had a research department that was, like all others, mainly with people specializing in the steel industry, aluminum industry, specialized analysts. But there was one slot missing. They didn't have a consumer non-durable analyst like foods, tobacco, soft drinks. And I was Ralph Frottenham's assistant now to see. I was doing his relative strength work. This was my first computer. Still have it to this day. It's an old wooden slide rule. The only thing missing is the little slide that goes on and that fell off many years ago somewhere. And I asked Ralph, I said, you know, can I have a hand at this? I said, I made it in accounting, even though I didn't go back for my second year, but I love the course. And I know what FIFO and LIFO mean.”
2017-07-26 · Masters in Business · Alan Shaw Says the Days of Charting Stocks By Hand Are Over · IDENTIFIED FROM THE TRANSCRIPT · source
“This is a real joke. I mean, I saw people getting these yellow pieces of paper every two weeks and I wasn't getting one yet. Lo and behold, they got me the accounting department, and I got one of those yellow pieces of paper, and I figured it out. My salary was $58 a week. That's my starting salary. I still have that check. That's funny. Pre-tax, you know.”
2017-07-26 · Masters in Business · Alan Shaw Says the Days of Charting Stocks By Hand Are Over · IDENTIFIED FROM THE TRANSCRIPT · source
“And he said, Well, let me check. And I got home that day, and there was a call waiting for me from Henry. There was an opening in the research department. And I said, I'll take it. And I did. I went to work. They showed me this little desk. The desk was about this wide, and one column of drawers on the right-hand side. And I was really in a clerical role. Helping out some of the senior people there, but I was introduced to a gentleman named Ralph Rottenham. Was at that time the president of the New York Society Security Analyst. Ralph was my mentor. I mean, he was the greatest living historian. He could tell you what happened to the market after the battleship Maine was sunk on a moment's notice. Incredible guy. And Harris Uppam was set up in a way that, oh, I have to tell you about my first paycheck.”
2017-07-26 · Masters in Business · Alan Shaw Says the Days of Charting Stocks By Hand Are Over · IDENTIFIED FROM THE TRANSCRIPT · source
“So, lo and behold, I went to 120 Broadway a few blocks away from here one day in 1958. To see the fellow who's in charge of trainees, and I was escorted in to see a gentleman by the name of Henry E. Harris Jr., who was the son of the senior partner. Henry was a partner himself wonderful guy and he said well you don't have a college degree I won't hold that against you I said oh don't worry about Henry I'm going to school at night now and as I actually was going out to Adulphi trying to get caught up that's a hell of a task to do night school”
2017-07-26 · Masters in Business · Alan Shaw Says the Days of Charting Stocks By Hand Are Over · IDENTIFIED FROM THE TRANSCRIPT · source
“The Wall Street Journal was then expanding its business from being, you know, just a Wall Street type paper to being a daily reporting on the real news and this and that. I would go around to brokerage firms and ask to speak to the manager of the office or whatever and try to sell subscriptions. One day I found myself in Washington, DC. Wall Street Journal had just opened their brand new plant there on 14th Street and I walked into an office of a brokerage firm called Harris Uppam and I got to speak to the manager, Edwin Bastobel, his name was. And he said, young man, you're a pretty damn good salesman. We can use people like you in our business. I'm going to give you my card and get you an appointment up at our main office in 120 Broadway in New York, and I'd like you to follow through.”
2017-07-26 · Masters in Business · Alan Shaw Says the Days of Charting Stocks By Hand Are Over · IDENTIFIED FROM THE TRANSCRIPT · source
“First of all, it's a real pleasure to be here with you all, and I thank you for showing your interest in all this. First thing I had to do was flunk out of college My father, when he read the note, I was no longer wanted back. This was a school in central Pennsylvania called Susquehanna University. He said, son, he said, you'll never be know what success is unless you fail every now and again. I'll never forget that. And he came home from work the next day with a help wanted ad from the Wall Street Journal. And I answered the ad, went into the city, to the Wall Street Journal's headquarters here, and they hired me as a glorified salesman.”
2017-07-26 · Masters in Business · Alan Shaw Says the Days of Charting Stocks By Hand Are Over · IDENTIFIED FROM THE TRANSCRIPT · source