Description: Up for auction “Babson College” Roger Babson Hand Signed TLS Dated 1957 ES-226A Roger Ward Babson (July 6, 1875 – March 5, 1967) was an American entrepreneur, economist, and business theorist in the first half of the 20th century. He is best remembered for founding Babson College. He also founded Webber College, now Webber International University, in Babson Park, Florida, and the defunct Utopia College, in Eureka, Kansas. Babson was born to Nathaniel Babson and his wife Ellen Stearns as part of the 10th generation of Babsons to live in Gloucester, Massachusetts. Roger attended Massachusetts Institute of Technology and worked for investment firms before founding Babson's Statistical Organization (1904), which analyzed stocks and business reports; it continues today as Babson-United, Inc. On March 29, 1900, Babson married his first wife, Grace Margaret Knight, who died in 1956. In 1957, he married Nona M. Dougherty, who died in 1963. Babson died in 1967. Babson's success as an investor was based on unorthodox views of the operation of markets. According to his biographer John Mulkern, Babson attributed the business cycle "to Sir Isaac Newton's law of action and reaction... (with a) pseudoscientific notion that gravity can be used to explain movement in the stock markets." His market forecasting techniques are expounded in articles in Traders World Magazine and the Gravity Research Foundation he founded. He graduated from MIT with a degree in engineering. As a college student, he lobbied the dean to include a business course, which resulted in a course known as "Business Engineering." Eventually, the business engineering program was expanded, and it is now seen as the forerunner of the MBA degree. Babson authored more than 40 books on economic and social problems, the most widely read being Business Barometers (eight editions) and Business Barometers for Profits, Security, Income (10 editions). Babson also wrote hundreds of magazine articles and newspaper columns. He was a popular lecturer on business and financial trends. Babson was an investor and sometimes director of many corporations, including some traded on the New York Stock Exchange. He established the investment advisory company Babson's Reports, which published one of the first investment newsletters in the U.S. Babson's Ten Commandments of Investing[ Babson had "Ten Commandments" he followed in investing and encouraged his readers to do the same. These were: 1. Keep speculation and investments separate. 2. Don't be fooled by a name. 3. Be wary of new promotions. 4. Give due consideration to market ability. 5. Don't buy without proper facts. 6. Safeguard purchases through diversification. 7. Don't try to diversify by buying different securities of the same company. 8. Small companies should be carefully scrutinized. 9. Buy adequate security, not super abundance. 10. Choose your dealer and buy outright (don't buy on margin) On September 5, 1929, he gave a speech in which he proclaimed, "Sooner or later a crash is coming, and it may be terrific." Later that day, the stock market declined by about 3%. This became known as the "Babson Break." The Wall Street Crash of 1929 and the Great Depression soon followed.
Price: 249.99 USD
Location: Fort Lauderdale, Florida
End Time: 2024-09-15T15:17:18.000Z
Shipping Cost: 0 USD
Product Images
Item Specifics
All returns accepted: ReturnsNotAccepted
Industry: Historical
Signed: Yes
