INTERVIEW Simplicity for Simplicity's Sake: Andrew Addison Of The Addison Report by Thom Hartle
In this increasingly complicated world, it's a comfort to hear that indicators don't have to be complicated to work well, as Andrew Addison of The Addison Report will tell you. Addison, who edits and publishes the newsletter, which is aimed at individual investors and stockbrokers, uses his law-school training to boil down what's important and eliminate the peripherals - a handy thing for those who subscribe to the Report, as well as The Institutional View, his publication for professional fund managers. As Addison points out, he doesn't just try to find things that work, as we all do, but also things that are simple as well. STOCKS & COMMODITIES Editor Thom Hartle interviewed Addison via telephone on July 27, 1995, and quizzed him about his views on stocks, bonds, gold and other markets using technical and fundamental analysis.
Q: So how did you get started?
A: My interest in the market began when I was 10 years old. I would read The Wall Street Journal and The New
York Times. I was always fascinated by the numbers, and since I was good in math, I started following the market and began charting the market and stocks by hand and also by getting some fundamental information on a company. I opened an account and I put the funds from any job I earned money from into it. That was very useful for paying a good portion of my college expenses.
Q: When was this?
A: This was in the 1960s. I put aside the market when I went off to college. After college I went to law school, but after I graduated, I decided that being a lawyer wasn't what I wanted to do, so then I started graduate studies in business school. About the same time I went to work for Shawmut Bank.
Q: What did you do there?
A: I started out directing customer investments for the bank's large depositors, and then I worked my way into the trading area. There, I managed the bank's trading accounts for Treasury bonds as well as municipal bonds. That was an important formative period for me.