Alan Abelson
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Alan Abelson (October 12, 1925 – May 9, 2013) was a veteran financial journalist, and longtime writer of the influential ''Up and Down Wall Street'' column in ''
Barron's Magazine ''Barron's'' is an American weekly magazine/newspaper published by Dow Jones & Company, a division of News Corp. Founded in 1921 by Clarence W. Barron (1855–1928) as a sister publication to ''The Wall Street Journal'', ''Barron's'' covers U ...
''.


Career

He was editor of Barron's from 1981 until 1992."Editor of Barron's Tells Staff He's Been Asked to Quit Post"
By GERALDINE FABRIKANT, ''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...
'', December 22, 1992. Retrieved Jan 31, 2010.
Abelson's columns at Barron's often took a skeptical look at the investment favorites and fads of the day, and sometimes spawned controversy and even lawsuits."Debasing Bernanke"
''Up and Down Wall Street'' column in
Barron's Magazine ''Barron's'' is an American weekly magazine/newspaper published by Dow Jones & Company, a division of News Corp. Founded in 1921 by Clarence W. Barron (1855–1928) as a sister publication to ''The Wall Street Journal'', ''Barron's'' covers U ...
, September 24, 2007, By Alan Abelson. Retrieved Jan 31, 2010.
While working for Barron's, he was responsible for editing the Investment News & Views section, writing corporate and industry features and the influential "Up and Down Wall Street" column. From July 1982 to October 1990, Abelson frequently appeared on
NBC-TV The National Broadcasting Company (NBC) is an American English-language commercial broadcast television and radio network. The flagship property of the NBC Entertainment division of NBCUniversal, a division of Comcast, its headquarters are l ...
's News at Sunrise as a business commentator. In 1999, less than a year before the crash of the
dot-com bubble The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Compo ...
, he warned, "the market is grossly overvalued, more so, indeed, than it was in 1987 before the crash." Prior to working for Barron's, Abelson worked as a copy boy for the
New York Journal :''Includes coverage of New York Journal-American and its predecessors New York Journal, The Journal, New York American and New York Evening Journal'' The ''New York Journal-American'' was a daily newspaper published in New York City from 1937 t ...
- American. He eventually worked his way up to becoming a reporter and then onto the financial desk. From 1952 to 1956, Abelson worked as the stock-market columnist for the paper.


Education

Abelson obtained his Bachelor of Science degree in chemistry and English from City College of New York and later received his master's degree from the
University of Iowa The University of Iowa (UI, U of I, UIowa, or simply Iowa) is a public research university in Iowa City, Iowa, United States. Founded in 1847, it is the oldest and largest university in the state. The University of Iowa is organized into 12 col ...
in creative writing.


Death

Abelson died of a heart attack at a New York City Hospital on May 9, 2013. He was 87. Abelson was predeceased by his wife, the former Virginia Eloise Peterson, who died in 1999, and was survived by his two children, daughter Reed Abelson and son Justin Abelson, and five grandchildren.


Awards and legacy

* 1998 Gerald Loeb Lifetime Achievement Award * Abelson is responsible for coining Yhprum's law in 1974.Alan Abelson, "Up & down Wall Street", ''Barron's'' pp. 1, 27–28, 9 December 1974.


References

{{DEFAULTSORT:Abelson, Alan 1925 births 2013 deaths American economics writers American male non-fiction writers American finance and investment writers City College of New York alumni University of Iowa alumni 20th-century American journalists American male journalists Gerald Loeb Lifetime Achievement Award winners