- 91 years old
- Date of birth: Jul 22, 1924
- Place of birth:
New York, New York, United States
- Date of passing: Nov 21, 2015
- Place of passing:
La Jolla, California, United States
|The trend is your friend.|
This memorial website was created in memory of our beloved father, brother, husband, friend and writer, Richard Lion Russell. Richard was the founder, author and publisher of Dow Theory Letters for 57 years.
Feel free to post a "tribute" below.
Articles and extended tributes by other financial writers can be found under the "stories" tab.
More information can be found at www.dowtheoryletters.com, under the "about" tab.
The video of the "Tribute to Richard Russell" event in 2009 can now be seen, in sections, under the "Gallery" tab in "Videos." The videos play best in Chrome or newer browsers.
Thank you for visiting!
"We really miss you! --Ina and Ellen Sandles"
"I always enjoyed his WW2 stories, philosophy and love of Harleys.
His PTI and daily thoughts were a must read for me.
I miss him
"There is no doubt that Richard Russell is forever in my heart. I still
carry a little note he wrote to me many years ago. It is beyond words
to love someone we've never met....that is how I felt about Richard
Russell. He was a giant not only among men, but among his peers
whose knowledge could not compare to Richard's understanding not
only of the markets, but about life. I loved the way he thought. When
I read one of his letters before his passing, I knew he was leaving...he
made a comment to his daughter, something about, "what's the point?"
His zest for life over the years was inspiration. But he was getting tired and this old world misses him beyond measure. So I talk to him in the
cosmos and I say, "I hope to meet you the next go around"...Love you
"Been a long time subscriber and wish to pay tribute to a notable and courageous person. Still appreciate the relevance of your legacy the Dow Theory Letter. Richard it is my hope that you are looking down on us with smiles!"
"My grandfather, who flew in WW1, loved the markets and market theory. He made and lost a good deal but ended up a disciplined and successful investor. His son, my father, was a subscriber of Richard's DTL's from the 1960's. He too, had the 'bug' and loved the puzzle of the markets. Ever since I can recall coming of age as a baby boomer in the 1970's, Richard's thoughts and opinions were always part of the investing conversations that Dad and I delighted in and shared. When Dad was ill and passed away in April of 2015 we kept talking about the market right to the end, with much laughter and mutual enjoyment. We also marvelled at Richard's wonderful long run and ability to work so late into his life. I will miss Richard and his advice - and the pleasure he gave Dad and I in batting around his ideas, especially in those delicious times when he was a contrarian and also profitably correct! My belated condolences to his family and friends."
"As the various markets go up and down, I wonder how Richard would interpret them. I try to always remember the markets dictate what will happen and how we need to let them tell the story instead of reading into what we think is happening. Thanks for the memories."
"Missing your words of wisdom. As a longtime subscriber to your newsletter, Richard, I am touched by not only your wisdom, but your courage. "Lion" is an appropriate middle name for the Man who had the courage to prevail through the many adversities and milestones of life and not forget the importance of family. I wish you peace and happiness in a place where you no longer suffer."
"Like many of you I was a long-time reader of the Letters. Richard was a positive influence on my life in several ways. I appreciated Richard’s stories of his experiences in WWII, in part because my father shared the same experiences but would never talk of them. I benefited financially from Richard’s call of the primary trend in 2007, after I ignored him in 1999. As a scientist, I gained insights by searching for some grounding truth behind the “Dow Theory;” and although I count myself a skeptic I am better off for the journey of discovery that was prompted by Richard’s writings. Finally, I marveled at Richard’s eclectic interests, and remain inspired to match them in some small way. Thank you, Richard, for these many blessings."
"I am so deeply saddened by the news of Richard's passing. I was a subscriber to Dow Theory Letters for many years, since 2005. Although I never met Richard, I felt like I knew him from reading his letters. He was a brilliant man, with a unique insight on the markets and on life. I miss his wonderful and candid stories of growing up in New York City in the depression era, his experiences as a bombardier in WWII, and his overall common sense. With his passing, the world loses an important chapter of our history. Richard was one of a kind. The world is at a loss without him and his powerful insights.
I sincerely offer my condolences to Richard's family and to the staff at Dow Theory Letters, for your heavy loss.
New York City"
"I kind of miss you, Dick. I am not sure that I was ever really ok with you, but mostly I feel like I was. Sometimes we have to take a leap.I think you and I had reached a begrudging and quiet admiration for each other in certain ways, and in so doing, I think you kind of got used to me and approved of me in certain ways. We had an honest relationship, like rivals who got used to each other. I kind of miss the dinners and just the general feeling that you were there, somewhere, in the background, lending support. You were a great provider for everyone in your family, beyond dollars and beyond time. I cannot say that in 30 years you and I ever had a long talk, but it was always cordial. I always thanked you for everything and you always said the pleasure was yours. I appreciate that, looking back now, and I appreciate all you did to help Daria and the kids, over and over again. And I do mean, over and over again. It was a pleasure, Dick. The pleasure was all mine."
"Richard Russell was the best 'advice giving' uncle i ever had...and he wasn't even my uncle !...big smile to you and Thank You for all the wisdom (life and financial) and levity we all got from reading your writings ~~~
Thank You also for going to the 'other side' at this very important moment in time to help us all on planet earth complete the most important divine mission of our time ~~~ Carry On In Peace ~~~"
"I have read Dow Theory Letters since 1970's. I e-mailed Richard this toast for his 79th birthday in 2003, and it remained valid for the rest of his life: To a brilliant man of rare integrity and wisdom, whose life has made a wonderful difference to so many for so long..a grateful and rewarded subscriber. I suggested in another e-mail that a book be compiled of his extraordinarily insightful, philosophical writings, for example on Truth, Soul Mates, Women, Einstein, Jews, human nature, and his autobiographical writings -- all written in an interesting, thought-provoking, entertaining manner. I hope that someone, perhaps a family member, might still do something like this. My condolences to all."
"Hello - I just heard about your father's death and I am so sorry. Richard had a profound influence on my career. I first stumbled across his newsletter at the Chicago Mercantile Exchange's Library as a novice reporter for Reuters in the the 1990s, and I was hooked! I loved how clearly he could articulate his thoughts and I appreciated how he never showed off with too-clever arguments or jargon. He loved truth and beauty whether he was talking about competitive currencies or his cacti garden or his spiritual journey. I loved reading about all of it and I shall miss him. Thank you, Richard, and my condolences to his family. Stephanie"
"We have a standard poodle because of of Richards recommendation. Read him every day for years. Miss his mind. My condolences to the family."
"I knew Richard since 1967 when I started going to encounter groups led by Richard and his wife, Connie Russell. These groups were really very eclectic in their approach with influences from many sources. Richard had experience in psychoanalysis, encounter groups, and Gestalt Therapy and he used his knowledge in these areas, combined with his own intuition, to provide insight to group members. His approach was very direct and candid, which could feel intimidating, but was very effective in piercing defense mechanisms. He had a particular interest in and understanding of issues of sexuality. When he and his wife Connie separated and Richard stopped participating in the groups, his absence left a void which no one else was able to fill.
I bought gold mining shares in Aug 1973 as a result of his recommendation and doubled my money on them."
"Thinking of you, Richard and laying a flower on your heavenly grave. You have shared your life and love of Dow Theory with us, and I am grateful for your wisdom and strength of heart. You are free now. Go in peace knowing you have created an enlightened eternity within the hearts of all you have touched.....including me. You will be missed!"
"What a Life- What a man!! Richard Russell taught me how to invest and be a better person from his Letters. In 1968, when a junior at La Jolla high school. I would go to my dad's office to read the DTL's.
My father helped Richard when he had a heart condition. Reading his letters meant the world to me as young man. My dad and I always shared our thoughts, after the knowledge put on paper by Richard.
Thank you so much Richard Russell, you were loved by many..
"Thank you for your PTI, Dow Theory since the 1960s, the water pick, EMMETT FOX and last your personal life stories. You have been an inspiration to me. Six men cannot replace your wisdom. Thank you Darla too! JW"
"Richard's wisdom was a great source of joy for me over the years. Both of us were also jazz fans who appreciated the same era, though I am just now 61. I thank him for sharing so openly with investors. His education was priceless. My best to those who carry on his important work. In our age of near technological worship, an intuitive and counter-intuitive approach to the financial markets is still where it's at. His interest in Hay House publishing kept him young and more importantly, vital of thought. We've lost a V.I.P."
Blessings to you!
And congratulations on your graduation to a new level!
So you got into Louise Hay, Emmet Fox, etc. toward the end of your visit to the Earth plane. You started to get into the good stuff! Maybe you explored the writings of others like Ernest Holmes, Eric Butterworth, H. Emilie Cady, Charles Fillmore, Myrtle Fillmore, Ralph Waldo Emerson, Florence Scovel Shinn, Catherine Ponder and more.
You began to tune into the Unity vibration, (unity.org), and their excellent publication Daily Word, (daily word.org).
By now you realize you picked your parents according to a resonance that you wanted. You also know that we live forever, we just keep changing vehicles. Your vehicle for this life served you well.
Best of luck in your future journeys, Richard. Will catch up with you later.
"My father was a subscriber beginning in the 1970's. I can remember him giving us advice based on what he was reading, and I read the letters myself whenever they would come to the house.
I just turned 46, and I literally grew up with this guy. I am so blessed financially, and much of that comes from the lessons I learned from Richard.
Richard Russell, you have had a tremendously positive impact on my life. thank you"
"A message to Daria and the entire Russell family,
Daria, we met when Anita & I were visiting our daughter's family in San Diego almost 3 years ago. You accepted our request to "stop by", meet you, say hello to Richard and visit for a brief time. That moment is indelibly inscribed in my memory. You see I've been a subscriber to DTL ever since Marty Zweig transferred all his subscribers from "Zweig Forecast" to DTL and retired. That must have been in the early '80's or so. It's been a long time.
I felt a certain kinship with Richard, although we had never previously met. He and I were born in the same month, so we’re both "Leo's". We shared a similar military background - I flew bombers (B-52's) in Vietnam, and we both had an avid interest in trying to figure out the various movements of "the markets". Through my DTL subscription, Richard introduced me to technical analysis and among the most memorable quotes that I remember was the one he often repeated: "My PTI is always smarter than I am, so I must learn to follow it." ---- or words to that effect.
I was deeply saddened to hear of Richard's passing - not surprised ... but deeply saddened. He was one of a kind and perhaps you saw John Mauldin's wonderful recognition of him in his 11/25 issue of Outside The Box. In a separate email, I have sent you a copy.
Richard Russell was an icon in the investment and financial community. There's never been and most likely never will be another individual like him. We will remember him always.
Daria, thank you very much for opening your doors to us in La Jolla on April 11, 2013 and inviting the Parkhursts in for a brief visit with you and Richard. We will forever remember the kind hospitality of both of you.
Please accept both Anita's and my deepest sympathies to you, Daria, and the entire Russell family.
--Perry & Anita Parkhurst (from Michigan)"
"Whenever there was turbulence in the markets my wife would always ask me, 'what is Richard saying'. We followed his advice and invested in gold years ago. These investments are what allowed both of our sons to pay their college educations and make down-payments on their first houses. Richard's writings also turned me on to Emmet Fox. He was, and will always will be an extended member of our family. He will be truly missed. I hope, like others, he has found peace and love as he embarks on the next steps of his soul's journey."
"I always look forward to 3pm to log on to read the Daily Remarks. The wisdom, advice and helping make sense of the markets was something I looked forward to over the last many years and will miss. However, Richard's words, musings and advice will stay with many of us for the rest of our lives. Sincere condolences, RIP Richard."
"I have known Richard for some 35 years.
During that time he was invariably a close friend, mentor and role model for me.
I recall reading that a primary gender difference between humans
Is that a women’s persona is primarily based upon who she was while a man’s was based upon what he did.
Certainly Richard both believed and conformed to that observation.
By almost any metric I would consider Richard’s life to be a full and extremely successful one.
"Thanks for taking me under your wings so many years ago Richard and for being there. I'm forever grateful for all you taught me. It was an honor and I grieve with my DTL family. I carry your spirit and memories in my heart - peace be with you my dear boss."
"I have been a subscriber since 1980. I loved the historical stories and how Richard was a bombardier on B25's. His stories were always interesting, and he had a good one when he met the Pope.
We will miss his insight, wisdom, and historical perspective. Rest in Peace my friend."
"I heard Richard speak at SDSU in the mid 1970's. Fascinating speaker and writer. His emphasis on the importance of working with the primary trend has favorably influenced my investing and is something I have passed on to my sons. He will be missed... Thank you R.R"
"I discovered the brilliance of Richard Russell in the late ‘60’s, while attending school (yes, they actually had balance in education back then) and have subscribed to DTL since 1971. Over the years, I have inhaled his wisdom and marveled at his deep understanding of how the world turns. It was clear to me that his grasp of “what is” came through arduous hours of study & connection to the universe.
Through the years, I attended several of his worthwhile appearances in relevant venues, the last of which was the tribute to Richard that John Mauldin arranged on April 4, 2009. During the brief question & answer period, I popped up and asked Richard what he would do if he were running the country, to which he stated, “I wouldn’t do a thing. I’d allow the bear market to run its course.” Thunderous applause followed demonstrating his sage mastery and loving acceptance of his life’s work.
The longest term personal results of his sagacious advice struck me like lightning in 1972 when I turned to my wife and said, “We are selling our house & using proceeds to make investments he suggests.” What followed was amazing: The 4th largest unemployment rate in U.S. history, collapse of the San Diego housing market, 924% rise in the price of gold, 1,644% rise in price of silver, and wage & price controls.
Bold? You bet! Savvy? Right on! Love of family, staff, clients, cacti & life? Unequivocal! This is the vision of Richard that I will always have. Rest in the peace that you truly deserve, my friend."
"All my intermittent encounters with Richard were so warm and welcoming, with a mutual respect for the work we do. I was pleased to meet Lauren in NYC and communicate with Daria on occasion, but i never had the face to face pleasure with Richard. My sympathy to all of his family, and for Richard, RIP."
"Dear Mr Russell
Thank you for being part of my life for more than one quarter of a century. Your willingness to share your wisdom, experiences, and your
strength in interpreting the financial markets activities and trends have developed more excitement and enlightenment in my life. Your honesty and caring nature , and your achievement to correspond with individuals like myself of a different culture and race living across thousands of miles of oceans and territories , will forever stay in my memory of you.
Wishing you a blessed and safe journey.
With warm regards."
Thank you so much for introducing me to Emmet Fox and the spiritual path. That advice was worth it's weight in gold! I was blessed to have met you through the newsletter. You are the best. :-) I miss you."
"So sad to hear of Mr. Russell's passing. It isn't too often that you feel close to a person you have never met. That was one of Richard's gifts. You felt like you were his friend. I hope that now, past the veil, Richard is happy and fearless!! May he realize how many lives he touched by his honesty and vulnerability. We could all learn from him. May you, his family, know how much he gave to the world!! May he be at peace!! Love never dies!"
"I started reading Dow Theory Letters in 2002. I don't think I've missed a letter since that time. My father had introduced me to it. I looked forward to signing on and seeing Mr. Russell's thoughts on the markets, and reading about his life, every single day. I learned so much from him. Even though I never met him, he was a mentor for me in so many ways. I learned about Louise Hay from him. He was not afraid to speak his mind, and was open about his feelings and emotions. It was so refreshing, and I've yet to find another writer in any field, who writes as if he/she is having a conversation with the reader. He had a quote about two years ago, and I'll never forget it. "I have a temper, but I'm working on it". To read this from an 89 year old person is incredible, funny and fantastic. He wrote with such honesty. He was very humble, and you don't see this from very many writers. I already miss him. RIP Mr. Russell and thanks so much for all the years of entertainment and education."
"My thoughts are with Richard's family at this difficult time. I trust you will find the strength to know he is in a better place now and watching over you. I'd read a few of Richard's newsletters over the years, through other outlets who would share some of his wisdom and writings. Being a student I was very interested but could not afford it or didn't see I was old enough to act on a lot of his stuff. Finally I subscribed, about a month ago (Oct'15) and enjoyed a month of getting his wisdom every single day. I thought my investment career had arrived! Alas, when the sad news came over the website I could barely believe it! For the first time in a long time I couldn't help but just cry. I somehow felt he had even taken a place my dad had held in my heart as a mentor and wisdom giver. I just couldn't believe I had lost him after only just 'getting him'. Somewhere here there is a learning, I hope, and I look forward to seeing how Richard's "plans" he approved for the newsletter pan out - very well I am sure. Thank you to his family for keeping us all in the loop so well and sharing so much of their family and Richard with us all. Richard would be extremely proud of you all - in fact I know he is. Thank you again and God bless you. - Brad (Sydney Australia) 2nd Dec'15"
"I just received the news of Richard's passing. So sad for all, but what a wonderful life! My father (Billy V. Ayers) was a very long time (early 60's maybe) subscriber to Dow Theory Letters and loved reading (and sharing with me!) Richard's advice, stories, and anecdotes. We have lost a great investment guru and a great guy. My condolences to all of the family."
"In the large company I worked for, Mars, the top commodities exec subscribed to it and I could read the copy, starting in the mid 80's. When I retired I got my own subscription. Richard was a smart guy who gave us advice, if taken, led to monetary gains and security. He and his daily thoughts will leave a empty space in my daily life."
"Richard responded to at least 5 of the emails I sent him. That was very rare indeed as he said he rarely responded. You have to have a "hook" to get him to respond. This one that got him: I had met a marketing guy from Harley Davidson and told him about Richard. The guy said he would send Richard "Harley Davidson stuff" if I gave him an address. So I asked Richard if he would like it - of course he did. Richard even sent a reply: "I got the stuff".
It was always interesting to get Richard's daily comments. He had a perspective and writing talent that will be missed.We have lost a friend."
"As a subscriber to Dow Theory Letters for more than 25 years, Richard became not only my investment mentor but a friend whose visits every three weeks visits I eagerly awaited. His counsels served me well in my financial outlook.
I had the good fortune to meet him personally at the only conference in which he participated about five years ago near LaJolla. We spoke briefly about the markets. I specifically noticed and commented about his well-worn air force ring. He often wrote about its papal blessing and that he always wore it. This confirmed his story.
Richard's focus on Emmett Fox and Louise Hayes in these last years has sparked my interest and serious study of their works.
Richard Russell was a remarkable human being. I will sorely miss him.
Mychal P.Angelos, Chicago"
"He was such a humble man."
"Thanks for everything. Dick. Thanks for the dinners, for your generosity in many avenues of life and family and your sense of humor. I wish we could have had one more meal together, but that is how these things go I guess. You had a lot on your mind in your final days. Life, death, reincarnation and the market in the internet age. I hope you got it all figured out and are at peace. Son in law Mike"
"My deep sincere condolences to the family and friends. Richard Russell was a great wise man. He had a special gift to express the market no one can.
I will miss your genuine writings, you were a true blessings. God loves you and your family."
"Richard's parents and my parents were friends, so Richard and Kate and I knew each other. Richard taught me about jazz and cacti- especially when he planted a cactus garden in my parents home in the country. Though I was several years younger than Richard (at an age when several years made a great deal of difference), Richard was always thoughtful and kind toward me when we were teen agers. I remember him fondly from those years when he paid attention to teaching a younger kid."
"Richard's "Rich Man Poor Man" article contains timeless advice. I gave a copy to each of my children years ago when they were in their early twenties. I like to think that thought would make Richard smile. God bless. Steve Wolfe"
"I am sorry to learn that we lost Richard Russell. He will be missed greatly."
"I join the Russell family in their grief. The loss is great. The grief is painful. I confess now, I am being selfish. One by one those whom I have trusted as guides for over fourty years have gone. Eric Hoffer the longshoreman philosopher. Edson Gould and now Richard Russell. To my lights that rare combination of knowledge, experience and wisdom demonstrated by Richard trumps algorithms and Big Data. I feel the chill. To say that he will be missed is an understatment.
I am greatful I can join with others in this tribute. RIP Mr. Russell.
——Curtis Beaird —"
"I have enjoyed RRs comments on the market, life, WW2, philosophy, and his astute life observations. I will miss them.
Robert Weir MD"
"I think it was 1999 and mr. Russell had an interview with Barron's
And said DOW theory had given a sell signal. I think I started taking the service about that time and it has served me very well.
Helped keep me from suffering in the dotcom crash and the melt down in 2008-2009. Also got me in gold early.
Truly a legend who loved the markets.
I was fortunate to have read that article.
"About 5 years ago I was traveling from Singapore to Bangkok on the Orient Express. Meals in the elegant dining car were always an adventure. You sat opposite someone new with every meal. Lo and behold I could not believe my ears when it popped up in conversation with a delightful couple from California that we were all avid readers of Richard Russell. Instant rapport and friendship. Richard you brought people together and enriched their lives with your insights and humanity. Howard from Sydney, Australia."
"The two most influential people in my life have been my father and Richard Russell. It seems strange to say this about a person I never had the pleasure of meeting in person. His writing was so personal, real, honest, insightful, and timeless. I have always admired his relentless life-long quest for understanding and peace."
"I am so sorry to hear that we lost Richard recently. I was a subscriber to the Dow Theory Letters when I was an RIA, but some of the best information I received from Richard was him discussing his Chelation treatments. I went on to find a famous chelation doctor in the Kansas City area, Dr Edward McDonaugh . I owe a huge debt to Richard for this information about Chelation, it changed my life. I probably would not have had the confidence to try it, if the information had not come from someone that I already trusted.
"Thank you for your war stories and your incredible wisdom about the stock market. I learned a lot from you."
"To the kid from the Bronx, thank you for all your down to earth wisdom. You will be sorely missed. -- Ina and Ellen Sandles"
"I have read DTL since the 1980s when it was air-mailed to our office in Sydney. Like many other subscribers, Richard had a very similar war experience to my father as well (1944- 38 raids in RAF 150 Squadron as a 19/20 year old) and he was very kind to share those stories with us. In fact it was this daily link to a member of the greatest, bravest generation ever, that I have so cherished. Well done Richard. Best wishes, James"
"So sorry and sad, condolences to the family you were a great man the world will miss you! Rosangela"
"I just returned home from a trip to hear of Richards passing. At 91, I guess we knew his time was near but still feel a little shocked. Richard was a bit of substitute for the advise that I couldn't get from my own father who was the same age and WWII veteran who left us 30 years ago. We shared a few emails over the past 15 years and those are among those that I will never delete. I think that Richard had found peace in this final year, something that I think his family can find find comfort in. Thanks to the family and team at DTL for sharing him with us!"
"I just want to pass on my condolences on Richard's passing. I've been reading his letters since 1986 when I started in the business & I vividly remember reading a letter while I was up at my cottage on Labour Day weekend of 1987 warning of a market sellof. We sure got it in Oct that year! I loved reading of his personal stories as well & words of wisdom. I pass on my best thoughts to all his family ; an icon of our business has passed on and cannot be replaced. Kind Thoughts
"think the web site crashed as there are so many of us writing with our thoughts, prayers and love for R.R, he will be greatly missed. A highlight of my college career at UC Irivne in 1972 and 1973 was being introduced to the DTL's, when I was studying the stock market under a psychology professor, Dr. Craig McAndrew, Phd., A big day was when I received a letter back from Mr. Russell; he wrote to me in response to a question I had about the advance decline line. I framed the letter....I was always looked forward to the next newsletter. My dad, a former B17 navigator in WWII enjoyed those letters as much as I did.
Great newsletter, great man, and a great life, with condolences and respect,
Jim Erwin, MAI,SRA
Chase Bank Commercial Term Lending Appraisal Dept. Denver, CO.
ps: ...and how 'about that call bottom of the bear call in later '74!! Almost to the WEEK of the bottom; as the kids would say today: EPIC."
"I wish to express my condolences to Richard’s family and friends. A member of the greatest generation, Richard was a man of great courage, vision and integrity. He was also a spiritual person and a seeker after truth. I am sure that in some sense incomprehensible to our limited and linear time bound minds Richard will be all right.
"I have very few true heroes. Richard was one.
In our house, Richard was spoken of regularly.
Though his market insights were valuable, in the
last few years I was much more interested in his
words of wisdom about life. As a 54 year old
grandfather, this was much more valuable to me.
My heart is sad today but I am glad all his family was
with him. All us dads want is to have our kids close by.
I am glad his were.
God bless you all....
Roger and Mary Lou
"My condolence to all of you, I am deeply sad he passed away. He accompanied me through the last twenty years of my business life and was a wonderful and experienced adviser and guide for me, I have read his letter every single day until the end of 2014 when I retired. He gave me so many helpful tips about honest and reliable authors, thanks to him I got to know Bill Bonner, John Mauldin and others, thanks to him I read innumerable books which were truly readable, all of them! For me, Richard was unmatched by anyone, I loved his stories he most of time added to the stock market report in the second part of the letter, be it WWII or countless other items. Always loved it, I have missed this already for quite a time. The few times I asked a question or hat an idea he answered me by sending an email. Each time I was astonished that he found the time to do that. I am glad I always thanked him honestly for his service. R.I.P. Richard, I will always keep you in my thoughts. Thank you. Yours Freddy"
"It is with regret that I learn of Richard's passing. He was such a great man. My heart goes out to you and the rest of the family. Woody Ogden"
"Sorry To Hear of Richards Passing. I was never a subscriber but enjoyed reading his works that were in the public domain.
Regards Paul Behan,
"It is with sadness I hear of the passing of Richard Russell. His work and passion was always thoughtful and appreciated.
May he rest in Peace. My thoughts and prayers are with his family.
"Our condolences. Mr. Russell will remain in our thoughts always. I was a subscriber to DTL for many years. It is seldom that a day goes by that I don't reflect on the knowledge and experiences I learned from the writings of Richard Russell. Respectfully, Don Great"
"I want to say I truly enjoyed reading Richard! From a distance, he appeared to be a great person. I'm sure the Lord is taking
good care of him now. I will miss him. Jeffrey Pontnack"
"As a subscriber since the mid-70s, I felt Richard was a friend. Of course, I appreciated his market insights, but more importantly, his insights on life. I am thankful for his service to our country and the many stories of his early life and WW II that shaped him into a wonderful person willing to share his life with all of us subscribers!
May peace be with him and his family."
"50 years of insight and instruction from Richard's mind and heart. We are truly blessed by his gift. Thank you Richard!"
"I read the articles by Richard for several years. I at first perceived them as articles on the stock market, but then I realized that these articles are much deeper, almost about the whole world through the prism of the stock market. In the face of Richard I found a teacher of life ...
I grieve with you. I pray for his soul."
"My dad introduced me to DTL way back in 2002. At that point if I remember correctly there was no digital and I had gone to Chicago Public Library to read his letters. I was a student and could not afford a subscription. As time went on I became a subscriber a few years hence. The first phase of the gold bull was just starting and there was nothing more that i enjoyed reading than RR's thoughts and remarks everyday. His thoughts gave me so much more than investment advice and he was a one of kind man.
Loved the community he built around DTL and sharing thoughts of various subscribers....would be fair to say he got into social networking long before Zuckerberg!
Your thoughts, remarks and insights will be dearly missed. May you rest in peace and find love and happiness where ever you are
"I have enjoyed reading Richard's thoughts on the market for many years. It wasn't until I got devoriced that I realized how much he was a part of my life..never having met him. He will be missed...my prayers are with Richard and his family. Thank you Deb"
"A long time ago in the mid-90's, I was a fresh graduate on my way to passing my CFA level 3 exam when Richard's letters opened my eyes to technical analysis as another tool in my completely fundamental analysis tool kit. Along the way, I learned about chelation, love, divorce, gold, and what it means when demand dries up on the market. He reinforced in me what it means to be a lifelong student of the market. For Richard's family, my thoughts are with you at this sad time in your lives. I will miss his daily musings greatly."
"I a retired lawyer and my wife a teacher as well as both my sons each who have MBAs from top business schools read Richards comments for well over 20 years each and every day.I will miss his insights and lack of fear in making recommendations. You always knew where he stood. He was an amazing raconteur and I will deeply miss his stories of Harlem and the jazz scene and his time living in New York. His personal war stories were riveting.There will not likely be another Richard who was honest about his beliefs and gave the world so much information on countless topics. May he rest in peace."
"I began reading Dow Theory Letters in the early 1970s when my dad subscribed to Richard's letter. I would go to my dad’s office and read it along with many other letters. Those were the days! Gold was just beginning its historic rise to $850 in early 1980. Besides Dow Theory Letters we read James Dines, Joe Granville, Marty Zweig, Robert Prector, Eliot Janeway, Doug Casey to name a few, many of whom have also passed. Over the years I stopped reading one letter after another ending up the last few years with only Dow Theory Letters. The last man (letter) standing as Richard likely to say, was Richard.
He was a sage in an industry full of snake oil salesman. He will be sorely missed."
"The world has lost a wise man"
"A great man who does not mince his word when speaking the truth about the market. Had been a subscriber for more than 10 years and truly learn from his wisdom both in the market as well as life. While I did not have the privilege or chance to meet him personally, had always told my friends that he is my mentor. My deepest heartfelt condolence to all his family. A great loss to all of us too, as a friend and a mentor. Thank you. HM"
"I have been reading Richard's articles since 2010 along with my father who passed away in 2012 at 85. I will miss all his stories and anecdotes in life and business and I will pray for his soul to be in heaven. His words changed my life for the better and He will always be in my heart.
God bless his soul.....
"Dear Russell Family,
I am devastated to hear of the loss of our dear Richard. Please accept my deepest condolences on your loss. I have followed Richard since 2002, and it's thanks to his knowledge and tutelage that I have a measure of peace and security. As a single senior in a very unstable world, that's huge.
Personally, I feel as though I've lost a dad, a mentor, and a friend. I, as I am sure you do, console myself with the sure knowledge that he is now in a place of love, light and peace; his fears banished. And knowing him, he'll now be guiding things from a higher dimension!
Please know our thoughts and prayers are with you at this time. I will sign off the way I always did when Richard and I wrote --
Dany (the gal from Burbank)
I still can't believe he's gone."
"Team at DTL,
Wanted to express my sympathies with you guys over the
passing of RR. He was an icon and an inspiration to me for many years.
He will be missed for a very long time. I lost my father in 2005. The books of Dr. Brian Weiss and Michael Newton helped me a great deal. I became interested in near death experiences and then past/future life regression. This helped me a great deal with the grieving process.
My thoughts and prayers are with your family.
"Blessings on all of you during this difficult time. We are grieving with you. Despite the fact we never had the pleasure of meeting Mr. Russell, he (Dow Theory Letters) has been in the Keller home since the mid-70s. Thank you for continuing to share his passion and his concern for his subscribers. "Richard's Wisdom" will be much appreciated. Sincerely, Rosemary Keller"
"Great guy and will miss reading his daily rantings and insight."
"I have been a reader since the late 1970s when Jim Benham introduced me to Richard and his letter. Jim started Capital Preservation Fund, a T-bill MMF, which Richard endorsed. At Benham's firm we supported Richard's hard asset orientation in the late 70s and early 80s. It was an interesting collaboration of sorts....and an indoctrination into the "hard asset" way of thinking.
Later in life, after my father died, I subscribed and adopted Richard as a surrogate father to chat with about the markets like I'd done with my dad. Richard was kind enough to exchange emails with me despite his busy schedule. His energy and the breadth of his writings, including the later period spiritual postings, were extraordinary. I don't think I will encounter anyone else like him in this lifetime. I miss his insights and experience, as will we all. My condolences to his family and the broader Russell community."
"He was my sentinel on the hill and irreplaceable. Thank you Richard for all you gave to us.."
"I've only been reading Richard's news letter on KWN for about two years. I'm 56, handicapped, a gold bug and history buff. So I loved hearing his WW2 stories and his take on the current gold market. I had no idea he was here in San Diego. I wish I could have met him and heard about WW2 first hand. I will miss his articles very much. My thoughts and prayers go out to the family, I'm very sorry for your loss. As a Christian myself, I know Richard loved God, he mentioned him quite a lot. (another thing I enjoyed) So we know Richard is in a much better place now. Mark"
"Although I knew of Richard's Dow Theory Letters from my days as a stockbroker in Denver in the late 1960s, it was not until I entered the gold/silver bullion business in 1973 that I became a subscriber. The R-man's discussions about and his interpretations of the Dow Theory fascinated me as I still had an interest in stocks and because I knew that stock market activity directly affected interest in the metals.
Here's my Richard Russell story:
Jim Blanchard's New Orleans Gold Conference was the premier event for gold bugs, and Richard often spoke at the conference. It was the November 1980 conference that Richard sat on a panel, which fielded questions from the attendees.
Gold had peaked at $850 in January 1980 and had rebounded to $700 at the time of the conference, after having fallen to $490 earlier in the year. The question was asked, "What does gold's price action mean for the future?" Richard got the question.
"Typically," he said, without hesitating, "a parabolic run-up that peaks as gold did in January means an end of a bull market for up to ten years."
The room filled with moans and groans. Of course, the gold bull market was not over for ten years, it was over for 20 years. Still, Russell nailed it.
"So many years....so many reflections. I "found" Richard's Newsletter back in...1968?..1969?...1970?...about that time. Through the first gold bull market, through the 1975 final wash-out of the DOW. The insights in both the markets and life were a guide to how to live life.
The great "Birthday" party in San Diego...so many people registered they had to get a larger and larger venue!
I felt incredibly privileged that, from time to time, Richard would respond to an e-mail observation I sent him. More times, the observation would be attached to the daily REMARKs.
So long my friend...your "life advice" has left me a far better person, and your financial advice has left me without financial worries in retirement.
I'll sign off as I did with all of my e-mails to him,
RH -CT ...(now NH)"
"Richard--thank you, thank you, thank you, for talking me into buying a very large amount of 1 oz. gold coins way back when they were between $200-$300.00 each. I still have them.
My favorite Richard Quote: If it is to be----It will be me."
"I have been Richard subscriber for over 10 years in Hong Kong . He is like a fatherly figure . His gold advice helps many of the people in this part of the world from falling apart in 2008 financial crisis .
I wrote to him once and he did reply to me which I feel really honored .
He had been writing a lot on Reincarnation and his own Fear in his recent letters and I think he should have the answer by now .
I miss him and have been thinking of him every minute since the second when i opened up the DOW THEROY website yesterday .
I pray for him and hope he will rest in peace from now .
Honestly , i do think he is and will be remembered as the most Dedicated Newsletter Writer in recent history .
I MISS YOU SO VERY MUCH .
I will be buying a gold coin to commemorate him .
As he once said " In Gold We Trust "
I say ' In Richard Russell We Trust "
A loyal subscriber from Hong Kong"
"Across many years of reading economic commentary, Richard stands alone as the most reliable, reasonable, and valuable contributor. A monumental contribution to humanity."
"I had read some of the books Richard recommended. I wanted to see what else had been written by these authors. There was an out of print book that I found a copy of. I believe the author was either Dodd or Graham. The book basically said that the USA should go to a money system that was backed by units of commodities. These commodities would be rebalanced every ten years as to how prevalent they appeared in the economy. I sent the book to Richard when I had read it twice. He read it and sent me a letter which I appreciated. When you go through his library if you would have the new fellows read it. To me the book like Richard was a hidden gem. I always liked Richards devotion to discipline."
"I wish the family a lot of strength in this difficult time. It was always a pleasure to read his texts and wisdoms. RIP.
"It was always reassuring to read the views of a man of honesty, great intelligence and experience in a world awash with irrationality and vested interests.
Thank you, Richard."
"Thank you Richard for educating me over all these years through your newsletter, both in investment and personal matters. I still treasure a lot of your great advice which from time to time pops up in my mind at the right time. You know what I'm talking about ;-)
Thank you for everything, I'll miss you.
"I am so very grateful for the positive influence Richard has had on my life. I believe the world needs more like him, a truly amazing human being.
"Richard Russell was my beloved. He didn't know he was my beloved, but he was. I wanted so much to meet him and wasn't able to go to California a few years ago for the party they threw for him. I have a few little notes from him that I treasure, one I keep in my wallet. He was my hero, and I loved the way he wrote, the way he thought, and I was thrilled with his spiritual writing in the last years and knew deep down he was really happy. He was a role model for anyone who read his letters as we all recognized that he was following his bliss. He helped a lot of people, including me and I am extremely grateful for his sage advice over many years. I told my husband many times, the only man you need to be jealous of is Richard Russell. I loved his mind...
I hope to meet him in spirit since I never met him physically. There was no one like Richard Russell.....a true dinosaur among men.
Much aloha dear beloved Richard, I'll be looking for you in heaven...."
"My condolences Daria and Paula (and Pam) . So sorry to hear.
Richard was a genuinely good man. He had a significantly positive influence on my life. It was a privilege to have known him.
"My father introduced Richard's newsletter to me about five years ago. I loved reading it every day. My father had been a subscriber for decades. I have no doubt that Richard's commitment to helping investors contributed greatly to my father's success with investments. I am so grateful. I am so sorry to hear about his passing. - Jason"
"I was introduced to DTL in 1973 as a young stockbroker, I bought the cd twice because I would have to go back and reread the masters comments. Richard saw the big picture better than anyone but I took the others too and wound up totally back with richard. It was expected that he would pass and a part of all of us left with him. Im lost without him Oh that red poodle amazing. He is on a harley somewhere riding"
"To say we have lost a legend is of course an understatement. Richard Russell was one of a kind. Intelligent enough to know that knowledge requires an open mind and constant study. Those of us fortunate to have spent parts of his journey with him as subscribers were better off not only for his wise investment counsel, but also rewarded with the added value of his personal life lessons shared with us. I offer only simple words of condolence with a heartfelt thanks for... A life well lived...Richard, you shall be missed."
"My father became a broker for EF Hutton back in the mid-seventies. He was a top producer for Hutton selling gold mutual funds and his clients did very well. He was a Richard Russell follower most of his life and he introduced me in the nineties. He would print out everything Richard wrote - I used to yell at him for using up all the ink in the printer. He harped on me constantly to make sure I read Richard's remarks every day. Since my father's death in 2007, I have not missed a day. I have no doubt they are conversing about gold, the coming currency chaos, and the Federal Reserve right now... Conrad"
"I became a DTL subscriber when Marty Zweig (another late, great market commentator and investor) moved his subscriber list over to Richard Russell. My chagrin at being moved to a new publication was very quickly overcome by the warm, insightful, always interesting and very independent daily and periodic comments of Richard Russell. His personal observations on life, WWII, politics, religion, society and so many other topics made the letters all the better.What a great contribution to market analysis and to so many investors over such a long career! Rest in Peace, Richard."
"My father subscribed to DTL in 1973 and as soon as he figured I was old enough, around 16, he would bring his DTL home for me to read when he was finished. Later when it went daily and digital I was the link for my computer illiterate father till his death in January of this year. Richard shaped a large part of my thinking and power of self determination. His stories of the grit it took to go to war gave me grit my contemporaries do not have. He ws much more than a financial writer, he was a second father who guided his readers. Sir, you will be missed."
"May the wind stay at Richard's back. He deserves the angels, and already is sorely missed."
"I will miss Richard Russell greatly. Through my wife's Grandfather, I read George Scheafer and Richard Russell,after which I became a subscriber. We were always on the same page when it came to gold and EDTA chelation. My condolences to his family. George Glass"
"My indelible memory of Richard was when he was asked why he wanted to live to 100+. He answered, "I want to see what happens". His insatiable curious nature, cactus, Louise Hay, Harley's and on and on. Those amazing stories from WW2, his ability to put into a few words a ton of content. His talent as a writer was amazing. Wherever Richards soul is residing now is a better place for it's being there. Our loss, their gain. I will miss him!"
"I am deeply saddened by this news.
He lived through and experienced so much.
I have appreciated and used his wisdom and advice throughout the years.
It was one of the highlights of my day to read Richard's thoughts.
My prayers are with you all, God Bless you Richard Russell"
"Your dad was like family around here despite having never "met" him. I shed quite a few tears last night. A very formative time in my life, that late 30's - early 50's, when I discovered your dad's writings, read him daily and he changed not only how I decided to self direct my investments but so many, many more things. Too many to recount.
Your loss will only subside by a willingness to feel it. Let yourself fell sad and realize your dad was a very special man that touched many lives. As you have surely seen by the notes he received most of his touching was done on levels that had nothing to do with investing money and much more with living life. His WW II service was an honor to our nation and our Jewish families.
With sincerest regards,
"Condolences. On Thanksgiving I thank Richard for many years of stimulating thinking and good advice. And, I appreciate very much the remarkable team of commentators who are on board now. Ralph Condit"
There is no one that comes close in my measure of public trust than that of Richard due to his openness to spirit. I mean who else talks about Louise Hay in their newsletters? But it all makes sense. The man is genuine and his genius was ever so clear as expressed by his newsletters and King World News articles. You have bestowed your knowledge and wisdom on this world and steered your listeners and readers to safe harbors and shifted the thinking in the financial world in ways only your wisdom can accomplish. Thank you for all you have done and all you are in the place you are currently residing.
All my love Richard.....
From one Louise Hay lover to another.... we are all so much better for what she has taught us how to live, regardless of what field we are involved. Some have spoke of your fear of dying but knowing you read Louise, I have difficulty believing that you had any fear.
All is well.
Come say hi to me Richard and give me some last words of advice in my short time remaining in this earthly existence. Pleeeeeeeeeeze?
"I just wish to express my profound sadness ... it is as if a great light has been extinguished in the world. I have greatly admired Richard Russell since I first responded to his "Track of the Bear" $1 Trial offer back around 1968. For as long as I was able to afford a subscription, I viewed him as my Mentor and regarded him with enormous respect, admiration, and affection. My condolences to his family, his staff, friends, caregivers, and all of us who will go on missing him.
""You never find a nonbeliever in a foxhole." Richard Russell
"Follow the money" Richard Russell"
"Dear Mr Russell and family coworkers ect...
I have read Mr Russell's interviews on KWN for years and was always inspired by his personal touch and how he was not shy to articulate God into his work with out being preachy or religious or threatening in any way. I liked that a lot and read his work more to receive the essence of his heart then anything else. Please know that in this way he was making me a better person. With sincerity Thank You Mr Russell and may you rest in peace forever more.
"As many of you know, I worked with Richard for 30 years, I was married to him for 7 years, he is the father of my two children, we were very dear friends up to the time of his death. He was my mentor as well in so many areas. To think of him as "gone" is not possible. He is with me for life! What an extraordinary person… I have been blessed to have him in my life and consciousness."
"My condolences and blessings go to the family of Richard Russell. Richard guided my investments for many years and I am grateful. I loved his stories and feel his focus on spirituality the past years was very appropriate and prepared him for the life after life experience. Chuck Pettis"
"DEEPLY SADDENED TO HEAR OF THE NEWS ALAN R SHAW"
"To all the team and to the family and the friends Sincere condolences. He was a great(tall) man. That God has his soul! Claude Michaud City Quebec Canada"
"I am at a loss for words. Not only has Richard helped me understand the market, but he has helped me mature as a person through his spiritual guidance. I began each day with his letter and comments and will miss him. He will be with me forever... I hope to meet him again someday. Please accept my sincere condolences for you and your family. Thank you. Lenny"
"I have been a subscriber since 1988 and i have always appreciated Richards no nonsense wisdom. The one thing I always wondered about through the ninties is if he loved his Harley so much, why he never invested in the company. That will be my personal Richard Russell mystery. I am truly sorry for your loss...his energy must have been inspirational. Susan"
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