Laszlo Birinyi, Leading Stock Picker and Market Forecaster, Dies at 79
Summary
Laszlo Birinyi, an investor who declared that he took little interest in corporate news, financial algorithms and even the economy itself, and who instead “listened” to the market, as he put it, developing a theory about the flow of money that made him one of the nation’s foremost stock pickers in the 1990s, died on Aug. 21 at his home in Southport, Conn. As a frequent guest of “Wall Street Week,” a popular show on PBS (and, briefly, CNBC) hosted by Louis Rukeyser, Mr. Birinyi again and again won an annual stock-picking competition among panelists. 1 number cruncher and, quite simply, the single best securities analyst operating in the 1990s.” On the show, Mr. Birinyi had the nasal, high-pitched voice, round wire spectacles and self-assured tone of an archetypal financial whiz. In 2020, the Securities and Exchange Commission found that the firm unfairly advantaged a small group of clients focused on day trading against those pursuing longer-term investment strategies. In the early 1970s, he worked at several financial firms as a computer programmer and at night studied at New York University for a master’s degree in business, which he received in 1975.
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