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@Observant1- What a great find! Takes me back to the 70s for sure. Unfortunately my hearing is so degraded that without captions I can't really understand much of anything anymore. But for those who don't need captions, this group of programs is a real treasure.
I chuckled to see the low-key introduction, with Lou and the guests casually sipping something or other that certainly didn't look like milk or orange juice.
Thanks! Always a “must watch.” For a year or two (mid-90s) it was broadcast about an hour apart by 2 different PBS stations. I usually watched it twice. I imagine you could learn just as much today about investing from these old shows as when they first aired.
In the mid 90s Lou celebrated 25 years on the air. A real treat with his lovely daughters there with him and 3 really big names in finance. Henry Kaufman was one. John Templeton another. The 3rd escapes me at the moment, as it’s been a while. Possibly Lynch?
From the best that I can tell, Alan Bond, a frequent guest on Wall Street Week, was last on the show for episode number 2922 broadcasted on 11-26-1999.
"On December 16, 1999, the Securities and Exchange Commission sued New York pension fund manager Alan B. Bond for fraudulently receiving over $6.9 million in kickbacks from brokerage firms..."
"On June 10, 2002, former money manager Alan Bond (Bond) was convicted of six counts of federal criminal investment adviser fraud and wire fraud. Bond's conviction related to a "cherry picking" scheme in which Bond illegally allocated profitable trades to his own personal account and allocated the vast majority of unprofitable trades into client accounts that he managed through his money management firm, Albriond Capital Management, LLC (Albriond)"
"On February 11, 2003, United States District Court Judge Leonard Sand sentenced investment adviser Alan Brian Bond (Bond) to a prison term of 12 years, 7 months and ordered him to pay $6.6 million in restitution, with possible additional restitution, for his role in both a kickback scheme and a trade allocation or "cherry picking" scheme..."
One criticism of the show was that it gave certain “recommended” stocks a temporary boost in value, with the stocks falling-off weeks later. So the naive who bought immediately after the show got burned. It was also said some looked at who the guests would be far ahead of the show and “front-ran” them knowing what they were likely to recommend - then selling for a quick profit after the show.
Lou did have Dick Strong on once and you could tell Lou didn’t think highly of him - but it was hard to ignore the rapid rise of his Wisconsin based firm in the years before all hell broke loose.
I grew up watching W$W, my parents watched it every Friday night on PBS. The grey haired Louis Rukeyser still looks like George Washington.
That grey-haired character above is actually a fake Lou in an SNL video. A spoof of WSW. One of our own makes an appearance near the end.
@PopTart- You were fortunate to watch with your parents. Mine never saved or invested. Big family with 6 kids. We lived pretty much payday to payday. I doubt the show would have meant much to them. My first introduction to investing was through Lou’s program. Out of college less than 2 years when the show first aired. Never thought about it before, but the advent of the show pretty much coincided with the disproportionally large “baby boom” generation entering the work force …
Comments
I chuckled to see the low-key introduction, with Lou and the guests casually sipping something or other that certainly didn't look like milk or orange juice.
What a superior show that was.
In the mid 90s Lou celebrated 25 years on the air. A real treat with his lovely daughters there with him and 3 really big names in finance. Henry Kaufman was one. John Templeton another. The 3rd escapes me at the moment, as it’s been a while. Possibly Lynch?
From the best that I can tell, Alan Bond, a frequent guest on Wall Street Week, was last on the show for episode number 2922 broadcasted on 11-26-1999.
"On December 16, 1999, the Securities and Exchange Commission sued New York pension fund manager Alan B. Bond for fraudulently receiving over $6.9 million in kickbacks from brokerage firms..."
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-16394
"On June 10, 2002, former money manager Alan Bond (Bond) was convicted of six counts of federal criminal investment adviser fraud and wire fraud. Bond's conviction related to a "cherry picking" scheme in which Bond illegally allocated profitable trades to his own personal account and allocated the vast majority of unprofitable trades into client accounts that he managed through his money management firm, Albriond Capital Management, LLC (Albriond)"
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-17560
"On February 11, 2003, United States District Court Judge Leonard Sand sentenced investment adviser Alan Brian Bond (Bond) to a prison term of 12 years, 7 months and ordered him to pay $6.6 million in restitution, with possible additional restitution, for his role in both a kickback scheme and a trade allocation or "cherry picking" scheme..."
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-18018
One criticism of the show was that it gave certain “recommended” stocks a temporary boost in value, with the stocks falling-off weeks later. So the naive who bought immediately after the show got burned. It was also said some looked at who the guests would be far ahead of the show and “front-ran” them knowing what they were likely to recommend - then selling for a quick profit after the show.
Lou did have Dick Strong on once and you could tell Lou didn’t think highly of him - but it was hard to ignore the rapid rise of his Wisconsin based firm in the years before all hell broke loose.
https://americanarchive.org/catalog/cpb-aacip-394-01bk3r9x
@PopTart- You were fortunate to watch with your parents. Mine never saved or invested. Big family with 6 kids. We lived pretty much payday to payday. I doubt the show would have meant much to them. My first introduction to investing was through Lou’s program. Out of college less than 2 years when the show first aired. Never thought about it before, but the advent of the show pretty much coincided with the disproportionally large “baby boom” generation entering the work force …