Let’s ring the journalism bell for the following Washington Post obituary lede crafted by Megan McDonough:
The secret to value investing is holding onto underpriced stocks for a long time until they reach their true value. Few people were in a position to follow through as literally as Irving Kahn, who until his death on February 24 at 109 was Wall Street’s oldest stockbroker and presumed to be the world’s oldest active investment professional.
The span of this man’s career was truly staggering, starting with a briefly held entry-level job on the floor of the New York Stock Exchange dating back to right before the 1929 crash.
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