12-09-2021, 05:19 PM
Wall Street Week with Louis Rukeyser flashback for your viewing pleasure. -
The year was 1977, The month I believe February, and this was the day Wall Street got their fist glimpse of the the person who penned Investment Quality Trends newsletter and had signed those newsletters as G. Wiess. This was also the day the boys on wall street learned for the first time G. Weiss was a woman. Geraldine Weiss who shook up Wall Streets "Good Old Boys“ club demonstrated consistently over the next 30 plus years women could indeed achieve above average market returns, and do it better than most on wall street. Geraldine was introduced as the special guest on Wall Street Week with Louis Rukeyser that evening, and she appears at the end of the broadcast (Time Stamp 15:06) . - https://americanarchive.org/catalog/cpb-...4-278sfhns
> For those who may be unfamiliar -
Geraldine Weiss graduated from the University of California, Berkeley in 1945. But, even with a degree in business and finance, employers would always direct her to the secretarial pool. In 1966, an undeterred Weiss founded the newsletter, Investment Quality Trends. The newsletter marked Weiss as the first woman to start an investment advisory service (unbeknownst to the Boys on wall Street). To mask her gender in a male-dominated industry, Weiss signed her newsletter "G. Weiss." and her newsletter popularity grew collecting a loyal readership that “Profited" from her advice, the newsletter became a significant success.
In 1977, Weiss appeared on the popular talk show "Wall Street Week with Louis Rukeyser" where it was revealed that she was a woman. Weiss's investment strategy looks closely at a dividend's yield to determine value. A repetitively high yield would indicate an undervalued stock, and a repetitively low yield would indicate an overvalued stock. Her value -based, dividend-oriented stock picking strategy “consistently” outperformed other strategies heralded at the time by the big boys on wall street. During her tenure, The dividend strategy she espoused enabled her to achieve above-average returns “even in poor market" environments. Her newsletter recommendations returned 11.2% a year over a 30 year span (and with less risk), compared to the average investor who saw a return of 3.66%, whereas the S&P 500 had an average return of 6.76% during the same time period. Throughout those years, Weiss’ popularity earned her the nickname "The Grande Dame of Dividends." and after a 36 year run Weiss finally handed off editorial duties at Investment Quality Trends to Kelley Wright in 2002. IQT is still going strong today.
Here is an excellent write-up by Mark Hulbert back in 2016 who tracks such things. https://www.marketwatch.com/story/like-w...2016-03-02
Sidebar: Weiss ( A known bridge player with Buffett) is the co-author of Dividends Don't Lie: Finding Value in Blue-Chip Stocks (1988) Of which I would like to brag I am the proud owner of a signed copy first edition and would recommend as a good winter read to this day.
All have a great evening
- Scoot
* “A clever accountant can make earnings appear good or not so good, depending on the season or the objective. There can be no subterfuge about a cash dividend. It is either paid or it is not paid,” - Geraldine Weiss
* “Paying dividends is perhaps the most sacred of all corporate financial components, and the measure of value we hold in the highest regard.” - Geraldine Weiss
* “Never is there a better time to buy a stock than when a basically sound company, for whatever reason, temporarily falls out of favor with the investment community.” - Geraldine Weiss
The year was 1977, The month I believe February, and this was the day Wall Street got their fist glimpse of the the person who penned Investment Quality Trends newsletter and had signed those newsletters as G. Wiess. This was also the day the boys on wall street learned for the first time G. Weiss was a woman. Geraldine Weiss who shook up Wall Streets "Good Old Boys“ club demonstrated consistently over the next 30 plus years women could indeed achieve above average market returns, and do it better than most on wall street. Geraldine was introduced as the special guest on Wall Street Week with Louis Rukeyser that evening, and she appears at the end of the broadcast (Time Stamp 15:06) . - https://americanarchive.org/catalog/cpb-...4-278sfhns
> For those who may be unfamiliar -
Geraldine Weiss graduated from the University of California, Berkeley in 1945. But, even with a degree in business and finance, employers would always direct her to the secretarial pool. In 1966, an undeterred Weiss founded the newsletter, Investment Quality Trends. The newsletter marked Weiss as the first woman to start an investment advisory service (unbeknownst to the Boys on wall Street). To mask her gender in a male-dominated industry, Weiss signed her newsletter "G. Weiss." and her newsletter popularity grew collecting a loyal readership that “Profited" from her advice, the newsletter became a significant success.
In 1977, Weiss appeared on the popular talk show "Wall Street Week with Louis Rukeyser" where it was revealed that she was a woman. Weiss's investment strategy looks closely at a dividend's yield to determine value. A repetitively high yield would indicate an undervalued stock, and a repetitively low yield would indicate an overvalued stock. Her value -based, dividend-oriented stock picking strategy “consistently” outperformed other strategies heralded at the time by the big boys on wall street. During her tenure, The dividend strategy she espoused enabled her to achieve above-average returns “even in poor market" environments. Her newsletter recommendations returned 11.2% a year over a 30 year span (and with less risk), compared to the average investor who saw a return of 3.66%, whereas the S&P 500 had an average return of 6.76% during the same time period. Throughout those years, Weiss’ popularity earned her the nickname "The Grande Dame of Dividends." and after a 36 year run Weiss finally handed off editorial duties at Investment Quality Trends to Kelley Wright in 2002. IQT is still going strong today.
Here is an excellent write-up by Mark Hulbert back in 2016 who tracks such things. https://www.marketwatch.com/story/like-w...2016-03-02
Sidebar: Weiss ( A known bridge player with Buffett) is the co-author of Dividends Don't Lie: Finding Value in Blue-Chip Stocks (1988) Of which I would like to brag I am the proud owner of a signed copy first edition and would recommend as a good winter read to this day.
All have a great evening
- Scoot
* “A clever accountant can make earnings appear good or not so good, depending on the season or the objective. There can be no subterfuge about a cash dividend. It is either paid or it is not paid,” - Geraldine Weiss
* “Paying dividends is perhaps the most sacred of all corporate financial components, and the measure of value we hold in the highest regard.” - Geraldine Weiss
* “Never is there a better time to buy a stock than when a basically sound company, for whatever reason, temporarily falls out of favor with the investment community.” - Geraldine Weiss