ForeverMissed
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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.  

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! 

July 23, 2023
July 23, 2023
Every year I leave a tribute for this great man. Not only did he assist me with knowledge financially, but he saved my life with his spiritual aspects in his later posts. Especially to note was his musings about the great Emmett Fox. Thank you for that enlightenment Sir Richard.
July 22, 2023
July 22, 2023
As I watch world events , every now and then in the back of my head I remember you writing "Gold will be the last man standing." Missing your words of wisdom to guide us through what seems inevitable; as well as your WWII stories. Forever missing you, and now my Mom who was a long-time subscriber
July 22, 2023
July 22, 2023
Miss you Richard Russell,

I still have many of your WWII stories in my memory and some printed off. Miss the wisdom you shared so freely.

Forever missed,
Tom
July 22, 2023
July 22, 2023
I will forever miss Richard Russell’s DTl and his many encouraging and thoughtful words of wisdom
December 1, 2022
December 1, 2022
I want to thank everyone for their tributes, and remembering our dad on the anniversary of his passing. This year I was noting how close it was to Thanksgiving, and we are eternally thankful to him as well as Him.

I had a dream about him last night, in which I was missing him so much that I was thinking of downloading some songs that he liked when I was a child, that remind me of him. "El Paso" by Marty Robbins was the one that came to mind.
November 23, 2022
November 23, 2022
Russell was more than just a financial newsletter. He wrote about life. And specifically his writings about Emmet Fox changes my life for the better! 

One of a kind.
November 21, 2022
November 21, 2022
Wisdom buttressed by common sense and intelligence were your trademarks Richard. You are well remembered and missed.
November 21, 2022
November 21, 2022
We miss you Richard. So many were made better people by your stories and insights. Thanks for the memories. Rest in peace. 
November 21, 2022
November 21, 2022
I still remember many of the "rules" that Richard taught us. One of the best is "Bear Market Rallies Often Look Better than the Real Thing ! "
November 21, 2022
November 21, 2022
I miss the stories. And the eternal wisdom
November 21, 2022
November 21, 2022
I love the Aden sisters, but I really do miss Richard Russell!
November 21, 2022
November 21, 2022
I started reading DTL in college in the 1970’s, while studying technical analysis of the stock market (which many profs. told me was a waste of time). One professor didn’t, and he was a fan of DTL. Both taught me well. In February this year, thanks to Mr. Russell, I was able to identify a bear market starting and got a lot of our family’s money out of the market. 

I think of Mr. Russell often, he is missed by many, but he will be remembered along with the other greats of Wall Street. Thank you Richard Russell.
November 21, 2021
November 21, 2021
A wise man, an amazing man, searching for answers until the end. Richard stands alone in the investment letter business. Miss his wisdom in these crazy economic times.
November 21, 2021
November 21, 2021
I miss reading your stories everyday.

Tom Chilcote
November 21, 2021
November 21, 2021
Inflate or die
WSW2 stories
Buy gold.
ETC

I miss his wisdom. A great man
Bob Weir
July 30, 2021
July 30, 2021
Richard, I miss your wisdom and stories. Thank you for the talks about Emmet Fox. i started reading him because of you and it was a lifesaver. Thank you for having that inspiration to write about more than just the finances. You were a blessing. To your family, I wish peace during these milestones that pass without your presence.
July 24, 2021
July 24, 2021
One man could tell the stocks would hold,
And often added,"Get your gold!";
One man could map the upward climb
And estimate a steep decline;
But he now he publishes elsewhere,
Above us all and we are left to care.
July 22, 2021
July 22, 2021
I remember you writing that you wanted to stay around “so you could see what happened.” I trust you’re watching and watching out for all of us. Thank you.
July 22, 2021
July 22, 2021
A wonderful brilliant man greatly missed
July 22, 2021
July 22, 2021
Richard, missing you, your insights and wonderful stories always. I decided to start chelation therapy as you did so many years ago.

Always,
Tom Chilcote
December 5, 2020
December 5, 2020
You have been gone five years, but w can count a full fifty years of your advice, still growing, still safe for our grandchildren. What you gave us cannot be repaid except by doing it again in the next generation.
December 4, 2020
December 4, 2020
Wow! Five years since the mighty oak fell.

Richard helped me immensely by his writings and introductions to Emmet Fox. His newsletter was more important than mere investing. Thank you Richard and may you be at peace in the afterlife. Amen
November 21, 2020
November 21, 2020
Still missed. And wishing he was here
Bob
November 21, 2020
November 21, 2020
Richard, on this day, the date of your passing we miss you dearly. This is my mother's birthday too, and she passed three years ago next month. She always appreciated the things you wrote. She was a great stock picker, I wish I had yours and her market insights.

Rest in peace my friend, thanks for the fond memories.
November 21, 2020
November 21, 2020
Hard to believe it's been 5 years, Richard, since you passed and what a 5 years it has been. Sorely wish you were here right now to comment on the extraordinary events of these times...Trump, Covid, Gold (!),and the whole darn mess! Was just looking at some photos last night. Your kids and I miss you very much!
July 25, 2020
July 25, 2020
Richard, my Mom who followed you for years and introduced me to your newsletter, passed away in late May (non-Covid). When we would talk about the gold market - she followed your advice and bought in at $300 - she would often remark how she missed your newsletter, written in plain English for regular folks. Now I miss two people from “the Greatest Generation” - you and she. Thank you for all your wisdom, and years of sharing it with us.
July 22, 2020
July 22, 2020
Richard's wisdom extending far past mere financial advice. He was the first to introduce me to Emmet Fox for spirituality.

His outlook on life and his interest in a higher calling was much needed in today's world. Thank you Richard.
July 22, 2020
July 22, 2020
My goodness at times like this I wish we could still have your wisdom.
Thanks to you and your gold ideas I never sold any
Bob
November 21, 2019
November 21, 2019
I really miss his advice relative to gold. I was a very long time subscriber. Very sorry he no longer with us.
November 21, 2019
November 21, 2019
Just last week was able to sit with young man who came to help us stay in shape (!) who said he wanted to learn about investing. What an opening for a synopsis of Richard, PTI & the different markets. Thanks again Richard!
November 21, 2019
November 21, 2019
Richard,
Way back in 1972, there were others. But you, and you alone, paved my path on the way to understanding stock and gold & silver markets for those who would tune in. I listened & acted. I waited for each & every letter for many years since then. Your wisdom and REAL knowledge of the markets was truly extraordinary. Thanks God , for for our wonderful connection leading to group meetings with you, Richard. There were none better than you . . . count on that!
November 21, 2019
November 21, 2019
Here we are four years ago we said goodbye. Lots has happened...Trump elected and now his detractors want to remove him. The market has gone bonkers to new highs gaining 25% this year. We all miss you and your thoughts. Blessings to you and your family. Rest in peace.
July 26, 2019
July 26, 2019
Mom and I are missing you as we just watched Gold break out above $1400. Wishing you were here.
July 22, 2019
July 22, 2019
I never met Richard but he was my friend. I read him as a young stockbroker and now im 74 I rode Harleys and I loved gold He even emailed me back once in a while. I learned to be patient from Richard and to look at the big picture. I miss him dearly but I wonder what he would think about golds sudden surge. watch over us Richard
July 22, 2019
July 22, 2019
Seems like it was not so long ago I was reading your commentaries. I miss your WWII stories and of course your sense of humor. Is nice to have good memories of you and your guidance in the markets. Rest in peace always.
December 11, 2018
December 11, 2018
Richard was my friend, mentor and guide. He changed the way I thought and saw the world. His curiousity on life and the after life was monumental. Everyday since 2001, I looked forward to his writings. They were so profound and had a huge impact on me. I miss him terribly and I think of him often. Thank you so much for sharing everything with us.
November 27, 2018
November 27, 2018
Yesterday I went to this website: "Old Jews Telling Jokes". I go there sometimes. I like jewish humor and I liked Richard's jokes. I am a goy, ok? Anyway, the first one up is this woman. She begins with a waiter walking up to a table with 4 older jewish women sitting at it. It is in Manhattan. The waiter gets their attention, then says: "So tell me ladies, is anything all right?". That was Richard's joke. I told it to my Brit friends and it went all over town.
November 21, 2018
November 21, 2018
To this day, I keep a copy of Richard's classic "Rich Man, Poor Man" column in my investment folder. When uncertain about what to do in the market, or when I need reminding about what not to do, I always pull it out and read it for guidance. That simple, common sense column is a work of genius. It has served as my investing beacon for years. Thank you, Mr. Russell. You are missed. And all of us owe you a debt of gratitude for your service to our country during WWII.
November 21, 2018
November 21, 2018
Miss reading the helpful insights from Richard's wonderful perspective. The financial world seems to be entering a time of turmoil/anxiety... and ultimately a long bear. Wonder what his thoughts on Trump would be?
We continue to miss his insight, wisdom, and historical perspective. May the Lord grant you peace.
November 21, 2018
November 21, 2018
I just reread all the earlier tributes of Richard.
What more can I possibly add?
For me he was a constant companion at my side, advising me, teaching me, and sharing his experiences.
I deeply miss him.
Rest in peace, Richard.
July 22, 2018
July 22, 2018
I often wonder how “The Dean” would feel about today’s risk climate; Dow Theory Sell Signal, elevated optimism and political derision unlike anything I’ve ever seen. As a fellow jazz fan, he once commented on a “comer” Alecia Keys. Now look at her! I miss his insights. My best to his family.
July 22, 2018
July 22, 2018
Another year without Richard Russell leaves us incomplete. One of my
greatest regrets is that I didn't go to the big celebration they had for him
a few years before his death....and then again when he invited people to
visit with him in San Diego. Alas I was living in N.C. and that was an impossibility. Richard Russell was a big part of my life and I shall be
looking for him in spirit. "That which is likened unto itself is drawn"....
Thank you for this heartfelt reminder. Love you Richard. Always will.
July 22, 2018
July 22, 2018
The debt, manipulation and partisanship has only gotten worse, not better. Really missing your insights and words of wisdom during times like these. 
--Ina and Ellen Sandles
November 29, 2017
November 29, 2017
I will always be grateful for Richard introducing me to the works of Emmet Fox. Thank you Richard. Those works were a life-saver and amazing.

Although I respected his investment advice, this life advice was worth the subscription each year. This is the better riches that were obtained.
November 21, 2017
November 21, 2017
I loved his analysis, PTI, philosophy, and war stories.
I miss RR
Bob W
July 22, 2017
July 22, 2017
Missing all the wisdom from Richard. Wondering what he would think about the market today with it being at new highs. Miss all the WWII stories and his long-term perspective.
July 22, 2017
July 22, 2017
Richard
I miss your wisdom and your remarkable investment knowledge.
I hope you are mentoring in some other world.
Mychal P.Angelos, al long time subscriber
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Recent Tributes
July 23, 2023
July 23, 2023
Every year I leave a tribute for this great man. Not only did he assist me with knowledge financially, but he saved my life with his spiritual aspects in his later posts. Especially to note was his musings about the great Emmett Fox. Thank you for that enlightenment Sir Richard.
July 22, 2023
July 22, 2023
As I watch world events , every now and then in the back of my head I remember you writing "Gold will be the last man standing." Missing your words of wisdom to guide us through what seems inevitable; as well as your WWII stories. Forever missing you, and now my Mom who was a long-time subscriber
July 22, 2023
July 22, 2023
Miss you Richard Russell,

I still have many of your WWII stories in my memory and some printed off. Miss the wisdom you shared so freely.

Forever missed,
Tom
Recent stories

College/Wartime Letters from Richard to my Dad

August 13, 2018

Hi, my father Herbert Hirsch was a high school classmate of Richard at Horace Mann. He passed around the same time as Richard. In going through his belongings I found a box stuffed with letters he received during World War 2 while he was both ROTC at Brown and serving overseas. Some of them are from Richard. They are well written, jocular and provide insights into these two young men. I would be happy to share them with any interested family members. I can be reached at lhirsch02@msn.com. My condolences on your loss. Laurence Hirsch

Times Square billboard:

February 2, 2016

Click on photo to see Richard Russell on PR Newswire's billboard in Times Square in Manhattan.

from Mary Anne and Pamela Aden, The Aden Forecast

January 26, 2016

A LEGEND HAS PASSED

From The Aden Forecast – December 9, 2015

Our dear friend Richard Russell passed away on Saturday, November 21. He was 91 years old and it came as a sad surprise.

LARGER THAN LIFE

Richard was a person who was larger than life. He was a legend, a pioneer in the newsletter business, highly respected and filled with integrity.

He loved his work and his subscribers. Richard was active right up to the end, still writing his daily comments until days before he passed.

Richard was always very special to us and we’ll truly miss him. For nearly 40 years we’ve been proud to call him our friend and we were big fans even before we met him.

GREAT WRITING

We started reading Dow Theory Letters in 1976 and we loved it. Richard provided his view of the stock market via the Dow Theory method. He also did a lot of research on gold. 

Dow Theory Letters was started in 1958. It was the longest investment letter continuously written by the same person and it was an inspiration.

His analysis was fascinating and we learned a great deal from him, not only about the markets but about life.

He often talked about philosophy, his life, family, his days as a bombardier during World War II and so much more. He basically shared his personal journey with his subscribers.

Like many of his subscribers we enjoyed his war stores. Since our late father was also in WWII, these stories hit home. That’s especially true because our father never discussed the war. Perhaps it was too painful, so hearing Richard’s WWII experiences filled a void in our own father’s past we never knew about.

BACK IN 1978

In 1978 we met Richard at an investment conference in the Bahamas. He was a speaker and we were attendees, and we were honored to talk to him at that conference.

When we told him we were market students he encouraged us to keep at it and this continued throughout our career, over the decades.

He was especially helpful when we started The Aden Forecast in the early 1980s. He was always available to give advice, ideas and tips, and we will forever be grateful.

Last year we attended his 90 year birthday party in La Jolla. It was a happy time with friends and family.

FAMILY FIRST

He always loved his family. His kids meant everything to him and he often talked about Daria, Nicole, Betsy, Ryan and Lauren, and his sister Kate.

He was also close to his former wives, especially Connie and Paula. Paula was Richard’s second wife and the mother of Ryan and Lauren. She worked with Richard for 30 years.

This alone says a lot about Richard. They were one big happy family and we were lucky to become friends with his family too.

During his last few years Richard became very spiritual. He was a devout follower of Louise Hay and Emmet Fox. He embraced the philosophy of love and peace, and he passed these words of wisdom on to his subscribers.

Like always, he shared his innermost thoughts. He was open, honest and real, and that’s what everyone loved about him.

Politics, religion, pop culture, global events, jazz, the past and the future... his subscribers knew where he stood on just about everything. And whether they agreed with him or not, they liked hearing his views.

MARKETS: His passion

But the markets were his real passion. As Richard often said... “I’ve spent two-thirds of my life studying and writing about the markets. And I’d say without a doubt the material that has served me best are the books and papers written by the great Dow Theorists -Charles H. Dow, who started the Wall Street Journal in 1889, William P. Hamilton, Robert Rhea and George Schaefer.”

Richard zeroed in on the Dow Theory and this became the basis of his research. Dow Theory is a technical tool that focuses on the primary market trend, or the big picture. It’s also based on market values.

His work came to the attention of Robert Bleiberg, the editor of Barron’s, who published one of Richard’s bullish articles. This created a lot of interest, bringing in hundreds of subscribers, and that’s how Dow Theory Letters was born.

Some years later Richard invented his own Primary Trend Index. This was devised to keep his subscribers on the right side of the major stock market trend. That is, a trend that would generally last at least a year or more.

As you know, we often quoted Richard Russell in these pages. That’s because he was the Dow Theory expert and he had a good track record, identifying some of the biggest moves over the past half century.

In 1958, for example, following his bullish Barron’s article, stocks kept rising until 1966 and he called the top. He advised buying gold stocks in the early 1960s and they surged in the years that followed.

Most impressive, he identified the stock market bottom in 1974 at a time when everyone was scared following its gut wrenching plunge. And he called the stock market top in 1987, prior to the biggest drop in history.

The gold bull market in the early 2000s was another great call. And it was always interesting to talk to Richard about the markets.

THE LAST DAYS

Our last correspondence with Richard was three weeks before he died, and we didn’t know he was sick. He sent us a photo that day and he looked good and happy.  (The photo below was taken several years ago in La Jolla.)

We will miss our dear friend very much. In fact, the entire newsletter industry will be mourning the passing of this kind, brilliant, elegant statesman for many years to come.

 

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