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Laszlo Birinyi

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American investor, businessman (1943–2023)

Laszlo Birinyi
Born(1943-09-20)September 20, 1943
Karcag, Hungary
DiedAugust 21, 2023(2023-08-21) (aged 79)
Southport, Connecticut, U.S.
Alma mater
OccupationInvestor
Spouse Jill Costelloe ​(m. 1986)​
Children2

Laszlo Birinyi Jr. (/bʌriːniː/; September 20, 1943 – August 21, 2023) was an American investor, businessman, and the founder of Birinyi Associates, Inc. and Asset Management Arm.

Personal life

Laszlo Birinyi Jr. was born in Karcag, Hungary, in 1943. When he was seven, his family moved to the United States, settling in Lancaster, Pennsylvania. He graduated from the University of North Carolina at Chapel Hill in 1967, with a major in history, and earned an MBA from the New York University Graduate School of Business in 1975.

After Birinyi's first marriage ended in divorce, he married Jill Costelloe in 1986, and they had two daughters. Birinyi died from heart failure at his home in Southport, Connecticut, on August 21, 2023, at the age of 79.

Career

Birinyi started his career in the investment industry as a trader, and then worked at Salomon Brothers starting from 1976 as an equity researcher and market analyst, later being promoted to head of equity market analysis. In that position he constructed the Stock Week – a weekly commentary containing studies subjects such as fund flow, market structure, and volatility. He helped establish the Salomon-Russell International Index.

Birinyi Associates

Birinyi launched Birinyi Associates in 1989, following his departure from Salomon Brothers. While founder and director of the firm, he still worked for Deutsche Bank Securities as Global Trading Strategist from 1988 until 2002.

Through his work at Birinyi Associates, Inc., he established a stock market research firm that analyzes the psychology and history of the stock market and the actions of investors in order to predict stock trends. He often made contributions to Forbes (where he was also a columnist), Wall Street Journal, Barron's, BusinessWeek and Bloomberg Personal Finance. He has appeared as a guest on CNBC and Bloomberg TV, and was also a panelist for Louis Rukeyser's Wall $treet Week. He continued to write investment analyses until days before his death.

Birinyi was the author of The Master Trader: Birinyi's Secrets to Understanding the Market (2013, ISBN 978-1118774731) and The Equity Desk – a book about stock market trading.

Philanthropic efforts

In 2001, Birinyi launched the Laszlo Birinyi Sr. Distinguished Professorship in Hungarian Culture at the University of North Carolina in honor of his father. This $1 million endowment was "the first Hungarian culture professorship in the South, and it distinguishes Carolina as one of the few places in the United States where students may work with an expert in Hungarian studies."

External links

References

  1. ^ Traub, Alex (August 30, 2023). "Laszlo Birinyi, Leading Stock Picker and Market Forecaster, Dies at 79". The New York Times. Retrieved August 30, 2023.
  2. "Birinyi establishes first professorship in Hungarian culture". Carolina Connections. Retrieved January 7, 2016.
  3. "Laszlo Birinyi, Who Pioneered Money Flow Analysis, Dies at 79". Yahoo! Finance. August 23, 2023. Retrieved August 23, 2023.
  4. "Laszlo Birinyi President Birinyi Associates, Inc" (PDF). AMC Houston. Retrieved January 7, 2016.
  5. ^ "About Us". Birinyi. Retrieved January 7, 2016.
  6. "Birinyi's rate hike game plan". www.cnbc.com. Retrieved December 14, 2018.
  7. Desk, FP Tech (June 24, 2013). "Apple Inc stock drops below US$400 on iPhone slump | Financial Post". Retrieved December 14, 2018. {{cite web}}: |last= has generic name (help)
  8. Birinyi, Laszlo (2013). The master trader: Birinyi's secrets to understanding the market. ISBN 9781118774861.
  9. "Executive Profile Laszlo Birinyi Jr". Bloomberg. Retrieved January 7, 2016.
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