Wall Street Legend

Bedell Frazier Investment Counselling

Wall Street lost a legend this week. His name was Art Cashin. He was a unique character in so many ways. Art Cashin was the Director of Floor Operations for UBS at the New York Stock Exchange. He started his career at a small brokerage firm, becoming one of the youngest traders to obtain a seat on Wall Street. He later went to Paine Webber a couple decades later. Paine Webber was acquired by UBS. Cashin stayed on board. As the years passed and trading volume moved from human hands to machines, the number of people on the floor dissipated. Cashin’s presence remained, with passion and purpose. He was a legendary figure...