The publisher of Dow Theory Letters has passed away at the age of 91. Richard Russell worked right to the bitter end. Even in his final days, realizing that he was at the end of the line, Russell continued to offer great wisdom in his writing. I was a subscriber to Russell, virtually from his start in the late 1950s. Richard was put on the map with a great series of essays on Dow Theory in Barron’s.
In the early 1960s as a student at Babson College, I studied Dow Theory religiously. Over the decades, no one did a better job of bringing the tenets of Dow Theory to the individual investor than did Richard Russell. His newsletters were always cram packed with eclectic insights that often ran far afield from investing. Only Harry D. Schultz (HSL) was in the same league as Russell for turning out wide-ranging investment letters of amazing interest and prescience. I looked eagerly forward to each new letter from Russell. His passing leaves an irreparable hole in the genre of investment newsletters.