The world’s oldest investment banker was 109 years – Swedish newspaper Svenska Dagbladet

The world's oldest investment banker was 109 years – Swedish newspaper Svenska Dagbladet

He began on Wall Street in 1928 and worked through the Great Depression, two world wars and the dot.com crash. Everything with strong influences of investment guru Benjamin Graham as he, like Warren Buffett, was assistant to. The principles were about to ignore the stock exchange daily mood, never buy inflated shares and hold on to the investment for at least three years.

Now, Irving Kahn has died at age 109 years. Until his death was styled him “the world’s oldest investment banker.”

In addition when the weather put their obstacles continued Irving Kahn way into the end acting head of the firm of Kahn Brothers – everyday controlled by the son who is also CEO Thomas Graham Kahn, 72 years. The company manages a portfolio worth almost 5 billion.

Irving Kahn gave very few interviews. When the UK Telegraph met him in 2014 saying he “prefer to be slow but steady.”

– I call companies and considering what they can provide for the return of, say, four or five years. If a stock goes down so I have time to wait out the storm, maybe buy more at a cheaper price. If the reasons why I made the investment in the first place have not changed so I should of course like shares even more when it goes down, he told the UK Telegraph.

If today’s market climate spoke Irving Kahn as follows:

– I saw crashes, recoveries, World War II, a variety of economic downturns and pickups. What is different this time is the flow of information. Many see the financial news on television in the bars, at the hairdresser. This super flow of information, it’s all here in the air.

There was also something that Irving Kahn argued around when SvD Business met him in 2011 in one of the last interviews he did.

– We may be heading with a new depression because the world is much smaller today than it was in 1929. I can pick up this phone and call Switzerland or Sweden or any country for the part and it is bad noises where it will in one way or another way to spread here, he then said to SvD Business.

The family Kahn has a tradition of live long. Irving Kahn’s sister, Helen Reichert, died at 109 years of age she too. Another sister, Leonore, passed away when she was 101 years old. His youngest siblings, Peter, died at the age of 103 years.