V.15:9 (407-414): Steve Shellans of MoniResearch Newsletter by Thom Hartle

V.15:9 (407-414): Steve Shellans of MoniResearch Newsletter by Thom Hartle
Item# \V15\C09\STEVESH.PDF
Availability: In Stock

Product Description

Computers have managed to insinuate themselves into our lives these days, but not many of us remember the early days. MoniResearch Newsletter publisher Steve Shellans was a pioneer of sorts in the industry; he started to work with computers in earnest 40 years ago, before manned space flight had even been achieved. By the early 1970s, he was a pioneer of another sort when he moved out of New York City, the financial center of the nation, across the country, and there eventually building the beginnings of the market timer database that would be the underpinning of The MoniResearch Newsletter. Shellans came into the public eye in the mid-1980s when Money magazine and USA Today took note of his monitoring of the market timing industry. STOCKS & COMMODITIES Editor Thom Hartle spoke to Steve Shellans via telephone interview on June 19, 1997, asking him about the differences between classic market timers and dynamic asset allocators, why some timing models work better than others, and why hiring a professional money manager is, in the long run, much easier on a fragile ego.

Letís start with your background. Sure. My undergraduate work was at the Massachusetts Institute of Technology (MIT), and after I received my bachelor of science in engineering, I went to work for Exxon Math and Systems. That was in 1957. I interviewed with Exxon, thinking that there had to be a job there for somebody in chemical engineering. As it turned out, they said that they were just forming a computer department, and would I like to join them? I was candid and told them that I had never even seen a computer before, much less worked with one. Computers werenít exactly sitting on everyoneís desks back in 1957. It was definitely a very different world than it is today. But that offer sounded like a great opportunity, and I spent a year or so learning on the job and finding out how computers worked. I saw all these bright young kids coming out of college with degrees in computer science, even back then, and so I decided that I had better go back to school and get a degree in com-puter science. That led to my masterís degree. One of my specialties was computer graphics, which in turn led to a new career path.

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order