9 World’s Most Influential People in Stock Market

9 World’s Most Influential People in Stock Market- investment industries have resulted in many figures that can be followed by some people. Some of them have given the concept, idea, and application based on investing. In some aspects, these figures have many followers in the world because of their philosophy, guidance, and performance in investment areas. All of us know them and their philosophy of investment. Because of their philosophy and guidance, they have an influential point of view from all investors in the world’s stock market and stakeholders. Here are 9 World’s Most Influential People in Stock Market

 

1.Benjamin Graham

Benjamin Grossbaum or commonly known as Benjamin Graham is one of the most influential famous figures as lecturer and investors in Stock Market Industries. Historically, he was born in London, May 9, 1894, but then migrated from England and moved to New York following his parents. Later, his family changed his name to “Graham”.

After graduating from Columbia University, he worked in Wall Street and then established the Graham-Newman Partnership. But it is just for a while. After gaining experience in Wall Street industries, he then returned and became the lecturer in his alma mater. Most of his career is spent as lecturer in Columbia Business School and UCLA Anderson School of Management. His expertise in managerial economic and investing subjects. Based on his skill, he can view and find distinct aspects in valuing some instrument of investment, namely Stock, Bond, Mutual Fund. So, he can find some formulas to evaluate some of them. His formula then influences a lot of people to change their perspective on investing. Finally, he was popular and respected as “the father of Value Investing.”

Value investing is the science of mathematical economics in valuing the company. He found the Margin of Safety Formula. Its formula can be used to find super stocks at a discounted price from their normal price, but this discount is due to things unrelated to the company's economic fundamentals. The discounted stocks can happen because of the bearishness of the market or the misprice of stock price.

Margin of safety is an investment guidance that can give guidance in selecting an investing instrument for example stock. Investors buy shares when market price is far below intrinsic value. explicitly, the market price of a stock is far below the calculation of intrinsic value.

In his lifetime, he has written some of the most influential books. Some of his books are Security Analysis, The Intelligent Investor, and the Interpretation of Financial Statement. Millions of people have read his books and influenced their views on valuing the stock/shares.

During his career as lecturer in Columbia University, Benjamin Graham has notable students and followers. These people later become well-known investors. Some of them are Warren Buffet, Sir John Templeton, Irving Kahn. Warren Buffet, his former student, and outstanding investor, admits “the intelligent Investor” is the bible of investing.

2.Phillip Fisher

Phillip Arthur Fisher or Commonly known as Phillip Fisher that was born on September 8^th, 1907. Philip Fisher started his career in investment industries in 1928 after dropping out from Stanford Graduate School of Business. At that time, he worked as a securities analyst in the Anglo-London Bank, San Francisco. After gaining some experience and knowledge, he established his own company in 1931, namely Fisher & Co. His career at this company until his retirement in 1999.

Phillip Fisher is best-known as the author of the book “The Common Stock and Uncommon Profits.” His guidance in investing was based on the performance of the company. Some people know it as growth investing. Investing in above-average growth of companies even the price of a company is expensive. Price in this scope is Price-to-earning-per-share (PER) or price-to-book-value ratio (PBV). Principally, it is the difference between growth investing and value investing.

Philip Fisher in his book “Common Stock and Uncommon Profits” describes some guidance to some people to valuing the stock. He describes guidance in selecting the stocks. He shows the 15 points to look for in the potential companies, the time to buy or sell, and suggestions or prohibitions to the investors. Phillip Fisher also known for "scuttlebutt" investment. This means that investors must investigate company fundamentals in multidimensional aspects including customers, competitors, employees, suppliers, financial, and management.

3.Jack Bogle

Jack Bogle was born in Montclair, New Jersey on May 9^th, 1929. He has experienced his education in Princeton University with an economic and investment major. After graduating from Princeton in 1951, he then continued his journey and got a job in Wellington Management Company and was promoted as assistant manager. In 1971, Jack Bogle founded the Vanguard Company and made the company in the glorious era with incredible growth of its business. In 2020, the total of Assets Under Management (AUM) of vanguard reached 7.1 trillion U.S Dollar. It was one of the biggest AUM in the world. The vanguard became popular with the products of index funds. The first index fund is Vanguard 500 Index Fund.

As a leader in Vanguard group and bringing more success to vanguard, he also became the author of some investing books. His book is “Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor,” “The Little Book of Common-Sense Investing,” “The Battle for the Soul of Capitalism,” “John Bogle on Investing.”

4.Warren Buffett

Warren Edward Buffet was born on August 30^th, 1930. He was known as the founder of Berkshire Hathaway and became one of the most successful investors in the world. His guidance of investing makes Berkshire Hathaway to be one of the biggest companies in the world. Based on the annual report in 2020, the net income of Berkshire Hathaway reached 35.8 billion US Dollar. Berkshire Hathaway has some shares in some companies, namely Apple Computers, Bank of America, Coca-Cola Companies, American Express, Verizon Corporations, Kraft Heinz, BYD, Charter Communications, and many more.

Historically, he was a student of Benjamin Graham at Columbia University. Many of his investing styles were influenced by Benjamin Graham and Phillip Fisher. Some books about Warren Buffett and his investment strategies are The Warren Buffett Way by Robert G. Hagstrom, Berkshire Hathaway letters to shareholders 1965-2012 by Warren Buffet, The Essays of Warren Buffett: Lessons for Investors and Managers by Laurence A. Cunningham, Warren Buffett, and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage by Mary Buffett and David Clark.

5.Charlie Munger

Charles Thomas Munger was born in Omaha, Nebraska on January 1^st, 1924. He has some experience in financial institutions. He became the chairman of Wesco Financial Corporations and He also founded Munger, Tolles & Olson LLP, a California law firm. Nowadays, he became the vice chairman of Berkshire Hathaway. Charlie has some books, namely Poor Charlie's Almanac Author by Charlie Munger and Editor by Peter D. Kaufman, and on Success by Charlie Munger.

6.Burton Malkiel

Burton Gordon Malkiel was born on August 28th, 1932. He was known as most popular investment book, namely “A Random Walk Down Wall Street.” In his formal education, he received a bachelor’s degree from Boston Latin School and MBA from Harvard University in 1955. Nowadays, he becomes Chemical Bank chairman's professor of economics at Princeton University.

As an investment and economist, he has become the author of some investment books. Some of these books are A Random Walk Down Wall Street, The Elements of Investing, The Random Walk Guide to Investing, From Wall Street to the Great Wall, Global Bargain Hunting: The Investor's Guide to Profits in Emerging Markets.

In his books of “A Random Walk Down Wall Street,” he describes some investment tips and guidance. This book was divided into four parts. The first part is Stock and their value. Part Two is How the Pros Play the Biggest Game in Town. Part Three is The New Investment Technology, and Part Four is A Practical Guide for Random Walkers and other investors.

7.Charles D. Ellis

Charles D. Ellis was born on October 22, 1937. He is one of the popular investing figures and founded Greenwich Associates, a consulting firm for financial institutions. He is popular with “Passive Investment Strategy.” Passive investing is an investment strategy that tracks a market-weighted index. Maybe, Index funds are more common as passive investing because the performance also correlates with stock market index. Basically, Passive investing methods avoid the fees of transactions and minimize the trading frequently in the market.

Charles D. Ellis is also known as the author of some popular investment books. These books are Winning the Loser's Game, The Element of Investing (Together with Burton Malkiel), The Partnership: The Making of Goldman Sachs, Capital: The Story of Long-Term Investment Excellence. 

8.Sir John Templeton

Sir John Marks Templeton was born in Winchester, Tennessee, on 29 November 1912. He was known as founder of the Templeton Growth Fund in 1954 which has grown more than 13 % annually in more than 30 years. Sir John was known as one of the greatest global stock pickers because of his discipline in investing. In his view, he rejected the technical analysis for stock trading and more focus used fundamental analysis. He also focuses on buying stocks that are undervalued (Value investing) at that normal price. His influential person of investment strategies was Benjamin Graham. Sir John Templeton was the student of Benjamin Graham. He also became the author of a book entitled How to Make Money in Stocks: Rules for Investment Success.

9.Peter Lynch

Peter Lynch was born in Newton, Massachusetts on January 19, 1944. He was known as the investment manager of Magellan Fund at Fidelity Investments between 1977 and 1990. As investment manager at the companies, he has 29.2% of annual return during his career on his portfolio of investment.

Based on his publication, he became the author of some popular investment books. Lynch has written (with co-author John Rothchild) three texts on investing books namely, One Up on Wall Street, Beating the Street, and Learn to Earn. In one of his books, Beating the Streets, he gives the guidance to the investors of stock that is famously known as “25 Golden Rules”. Furthermore, on his book entitled by One Up on Wall Street, Peter Lynch categorizes this company into six diverse categories. These are slow growers, stalwart, Fast Growers, Cyclicals, Assets plays, and turnarounds.

 

Bibliography of 9 World’s Most Influential People in Stock Market

 

Graham, Benjamin. 2003. The Intelligent Investor. New York, NY: Harper Business.

Graham, B., & Dodd, D. L. 951. Security analysis: Principles and technique. New York: McGraw-Hill.

Fisher, P.A. 2003. Common stocks and uncommon profits. John Wiley and Sons.

Malkiel, Burton Gordon. A Random Walk down Wall Street: The Time-Tested Strategy for Successful Investing. New York: W.W. Norton, 2003.

Burton G. Malkiel, Charles D. Ellis. 2009. The Elements of Investing. ISBN: 978-0-470-58550-4. John Wiley & Sons.

Hagstrom, R. G.2005. The Warren Buffett way. Hoboken, N.J: John Wiley.

Lynch, P., & Rothchild, J. 2000. One up on Wall Street: How to use what you already know to make money in the market. New York: Simon & Schuster.

Lynch, P., & Rothchild, J. 1994. Beating the Street. New York: Simon & Schuster.

Munger, C.T., and P.T. Kaufman. 2008.Poor Charlie's almanack: the wit and wisdom of Charles T. Munger. Walsworth Publishing Company.