The Grandich Letter’s 25th Anniversary Edition plus the Bottom Line

Posted by Peter Grandich - Agora Small Cap Epicenter

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Twenty-five years ago, without a high school diploma or even a day’s worth of training, I found myself working as a stockbroker. I know that sounds hard to believe, but it’s the God’s honest truth.  My last job before entering The Street was as a warehouse manager where I stacked boxes, oversaw inventory, and managed a few employees.  But on my own time — lunch break, at night, and any minute I could eek out in between – I studied the markets.  The whole Wall Street phenomena fascinated me, which lead me to start an investing club that grew to over 100 members.  That’s where I was “discovered” by an honorable man who owned a NYSE-member brokerage firm.  At the ripe-old-age of 28 I took my self-taught financial acumen and entered the stock biz.

Unfortunately, this newbie salesman/broker stunk at the very lifeline to building a book of business: cold-calling. One hang-up and I was done for the day. Thankfully, my boss published an investment newsletter and suggested I try one, too.  I had demonstrated some decent analytical skills and he thought that by putting my views in writing I might overcome my horrific phone talents. That’s how The Grandich Letter began.

The early letters were little more than my thoughts typed (as in, from a typewriter) on pieces of paper, mimeographed and given to mostly prospective clients…..

….read pages 2-11 HERE including the Bottom Line.