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Tributes
Leave a tributeAnd 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.
Thanks
Ralph SCEARCE
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
Ravi
I grieve with you. I pray for his soul.
May peace be with him and his family.
good care of him now. I will miss him. Jeffrey Pontnack
May he rest in Peace. My thoughts and prayers are with his family.
Regards,
Robert Makdissi
Regards Paul Behan,
NSW Australia
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
San Diego
Stan Fogel
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.
Moira
Thank you for everything, I'll miss you.
Chris
Thank you, Richard.
B.G.
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
My favorite Richard Quote: If it is to be----It will be me.
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)
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.
Bill Haynes
Phoenix, AZ
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.
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.
Scott
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.
God bless his soul.....
Ricardo
He was a sage in an industry full of snake oil salesman. He will be sorely missed.
Leave a Tribute
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
College/Wartime Letters from Richard to my Dad
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:
from Mary Anne and Pamela Aden, The Aden Forecast
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.