Art Cashin, New York Stock Exchange fixture for decades, dies at 83
Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of Walter Cronkite,” has died.
Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of Walter Cronkite,” has died. He was 83 and had been a regular on CNBC for more than 25 years.
In the intensely competitive and often vicious world of stock market commentary, Cashin was that rarest of creatures: a man respected by all, bulls and bears, liberals and conservatives alike. He seemed to have almost no enemies.
He was a great drinker and raconteur, a teller of stories.
For decades, he assembled a group of like-minded friends every day after trading halted, first at the bar at the NYSE luncheon club, then across the street at Bobby Van’s Steakhouse, where the group came to be known as the “Friends of Fermentation.” His drink was Dewar’s, always on the rocks.
Cashin’s success was attributable to a combination of charm, wit, intelligence, and a stubborn insistence on refusing to adopt many of the conveniences of the modern world. He was a link to an NYSE tradition. Every year, on Christmas Eve and New Year’s Eve, he led the singing of the 1905 song “Wait ’Till the Sun Shines, Nellie.”
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