Art Cashin, Iconic Wall Street Figure, Passes Away at 83
Art Cashin, the legendary director of floor operations at the New York Stock Exchange for UBS, has sadly passed away at the age of 83. Known as “Wall Street’s version of Walter Cronkite” by The Washington Post, Cashin was a fixture on CNBC for over 25 years. His remarkable career and unique personality left a lasting impact on the financial world.
A Man of Respected Integrity and Enduring Legacy
In the cutthroat world of stock market commentary, Art Cashin stood out as a figure universally respected by all. Whether you were a bull or a bear, liberal or conservative, Cashin’s charm, wit, and intelligence transcended political divides. He was a great drinker and storyteller, known for gathering friends at Bobby Van’s Steakhouse to form the “Friends of Fermentation.” His drink of choice was Dewar’s on the rocks, a staple of his daily routine.
Despite his success, Cashin refused to embrace modern conveniences, preferring to stick to his handwritten notes and outdated flip phone. His eccentricities were part of a carefully crafted persona honed over five decades on Wall Street, earning him a place in the hearts of many.
A Life Defined by Tradition and Compassion
Born in Jersey City, New Jersey, in 1941, Cashin’s career began at the young age of 17 at Thomson McKinnon. By 1964, he became a member of the NYSE, immersing himself in the chaotic world of floor trading. His experiences during the Sept. 11 attacks underscored his resilience and commitment to helping others, as evidenced by his leadership of the NYSE “Fallen Heroes Fund.”
As a renowned market historian and storyteller, Cashin’s daily market commentary, Cashin’s Comments, captivated readers for over 40 years. His folksy approach to explaining market trends made complex financial matters accessible to all. He understood human behavior better than most, cautioning against knee-jerk reactions and advocating for thoughtful analysis.
A Lasting Legacy of Humility and Generosity
Despite his immense popularity and influence, Art Cashin remained humble till the end, expressing gratitude for the interest people showed in him. His impact on the NYSE and the financial world at large will be remembered for generations to come. In lieu of flowers, donations to the Arthur D. Cashin Jr. Memorial Scholarship at Xavier High School are welcomed, honoring his legacy of giving back.
Art Cashin’s passing marks the end of an era on Wall Street, but his spirit and wisdom will continue to inspire countless individuals in the financial community. His legacy as a true icon of integrity, tradition, and compassion will endure far beyond his time.
