Barron’s founder on turning conversations to investing
Kenneth Pringle of Barron’s writes about its founder, Clarence Barron, on the publication’s a hundredth anniversary.
Pringle writes, “He was a sophisticated man in fast-changing instances. Born in Boston in 1855, Clarence Walker Barron gained awards for college essays and wrote for newspapers as a teen. He was the Boston Night Transcript’s monetary editor when, in 1887, he based the Boston Information Bureau, sending monetary information by messenger for a greenback a day.
“After a 12 months managing The Wall Road Journal, Barron purchased Dow Jones in 1902 for $130,000 (about $4 million at present). On his watch, the Journal’s circulation grew from 7,000 to greater than 40,000; Barron’s reached 30,000 by 1927.
“Barron grew rich, with a major residence on Beacon Road and a summer season house in Cohasset, Mass., that bought for $27 million in 2010. He moved in the identical social circles because the wealthy and highly effective he coated, and conversations inevitably turned to investing.”
Learn extra right here.
Moderna Stock Notches Another Record As Earnings Obliterate Forecasts
Moderna stock popped Thursday after the Covid vaccine maker crushed Wall Street’s second-quarter forecasts, and announced a $1 billion stock…
Is Peloton Interactive a Good Investment? By StockNews
© Reuters. Is Peloton Interactive a Good Investment? Interactive fitness platform provider Peloton Interactive’s (PTON) continued investments in digital content…