| AUG 1995
The Nature of Risk: Justin Mamis and the Meaning of Life by Thom Hartle
V.13:08 (359-365): The Nature of Risk: Justin Mamis and the Meaning of Life by Thom Hartle Looking back on decades of market activity can give anyone a certain perspective, and Justin Mamis, who writes the Mamis Letter, a newsletter for Hancock Institutional Equity Services that is a joint venture of Tucker Anthony and Sutro & Co., certainly has the experience to speak about. He became interested in the stock market in the post-Korean War period, and in the ensuing four decades has seen tops and bottoms, been an executive at the New York Stock Exchange (NYSE), worked in a specialist firm, traded options on the American Stock Exchange (ASE), seen the development of trading instruments that were unheard of when he started out, and experienced - and not necessarily to his liking - the introduction of a tool that is nearly ubiquitous today, the personal computer. STOCKS & COMMODITIES Editor Thom Hartle spoke with Justin Mamis on May 26, 1995, about how the markets, money managers and technical analysis itself have changed over the years. Q: When did your interest in the markets begin? A: I started the way a lot of people do - knowing nothing and having no real interest in the stock market, but having just a little bit of money. A broker put me in stocks that went down and I thought that there had to be a better way to invest in the market than that. So I looked for information about trading, and one step I took was answering an ad in Barron's to subscribe to John Magee's newsletter. I read his newsletters and I read his Technical Analysis of Stock Trends , and I even talked to him on the phone a couple of times. And that's how I got into charting. Q: When was this? A: This was the mid-1950s, right after the Korean War. I became more interested in the stock market, so after a while I got a job as a retail broker on Wall Street. All I knew at that point was charting, and I knew I was a writer, so my goal was to do some writing about the market. That's not the right combination for a retail salesman, so that job didn't work out. Then I went to work for the NYSE. I became the assistant director of the floor department in charge of investigations.
by Thom Hartle
Technical Analysis of STOCKS & COMMODITIES
The Traders’ Magazine since 1982
has had over 1,226,237 subscribers from 174 different countries.
37,000 Page Traders’ Archive for $89.99
To continue reading, sign-up for trial access to Traders.com and the S&C Archive — 37,000 pages of trading ideas!
After verifying your email address, you will have limited access to the S&C Archive, as well as access to a Digital Edition of S&C, and access to Traders.com Advantage and Working Money for 30 days.
Not a subscriber to Technical Analysis of
STOCKS & COMMODITIES magazine?
Click
here to subscribe, or request
a trial subscription.
Log-in now to view articles from the S&C Archive.
Your Subscriber ID is located at the top of your magazine label, highlighted here in red.
Your last name can be found on the second line, highlighted here in blue.
*If you have a company name on the label, that can also be used. It will appear below your name on the label.
If you do not have a Subscriber ID on your label, you can find it on your statement or renewal form.
For help locating your Subscriber ID number, please call us at 1-800-832-4642 or send an email to Survey@Traders.com. If sending an email, please include your name and mailing address.