Art Cashin, a well-known figure in the New York Stock Exchange (NYSE) and a respected voice in stock market commentary, has passed away at the age of 83.
Cashin's career began at a young age, joining Thomson McKinnon at 17 and becoming a member of the NYSE in 1964.
He was a familiar presence on CNBC for over 25 years, where his insights and storytelling captivated audiences. Known for his integrity and charm, Cashin made complex market concepts accessible through his storytelling prowess.
Cashin's daily market commentary, "Cashin's Comments," blended historical context with current market events. His observations about human behavior were grounded in decades of experience on the trading floor. He recognized the tendency of investors to overreact to news and emphasized the importance of reflection before making decisions.
Cashin's love for the NYSE and its traditions was evident throughout his career, even as he acknowledged the impact of electronic trading. Despite his popularity, Cashin remained humble and often expressed confusion about his own significance in the financial world. His passing marks the end of an era, leaving behind a legacy of integrity, insight, and a deep appreciation for the art of storytelling in finance.