149:, William, was a successful stock market investor. Beckman explained "The dog is called William of Arethyn, which means son of the bear, it makes most of its money in bear markets." Beckman claimed to read out the names of companies and to buy or sell according to signals given by William. On one occasion, according to Beckman, William snatched the chart for
254:, he said "The market is rising because of the 'Greater Fool Theory'. You buy a share in the hope that a greater fool will eventually pay more for it. In the end it is bought by 'The Greatest Fool of All', just before the end. The market is like a balloon, the more air you put in, the nearer you are to bursting point."
289:
In 1995, Beckman explained that he had chosen to live in Monaco due to the sophistication of the financial services available there and the tax efficiency of the arrangements possible in the territory, saying: "A long time ago, I was told that the most efficient way for an individual to handle his
134:
Beckman had an early career as a banker and stockbroker on Wall Street in the 1950s. He later claimed to have made a million dollars by the age of 26, and to have lost it all by the age of 27. The experience permanently disillusioned him with the stock market and he thereafter adopted a cautious
157:
the stock to his profit. It later transpired that the dog was actually owned by
Beckman's former assistant, who with Beckman claimed that the share trading profits that had been made belonged exclusively to William and therefore there could be no tax on them. A commentator in
114:(1988). As a young man he made, and quickly lost, a fortune on the stock market. The experience permanently disillusioned him with equity investment and he became known for his forecasts of doom for the stock market and British house prices which were largely proved wrong.
164:
magazine agreed that as
William was neither a "legal entity" or a "person" in law, he probably didn't owe any tax but neither could he own money, and therefore his whole capital of around £100,000 belonged to the British crown.
249:
in April 1987 that he was simply a realist who believed that wealth could not come against a background of high unemployment and global economic stagnation. Of the stockmarket, which subsequently crashed in
October 1987 on
198:
complained to them about an article in his newsletter titled "The
Zionist Factor", which claimed that the two World Wars and the first Gulf War were caused by a Jewish conspiracy of American and German bankers.
207:
Beckman was consistently pessimistic about the outlook for the stock market and
British house prices. In 1979 he predicted that property prices would fall by 50% within three years; they did not. In 1983, in
183:. In 1982, he founded the Beckman International Capital Accumulator Unit Trust, aiming for a steady return from fixed interest bonds and gilts. In 1983, Beckman appeared in the television film
290:
affairs was to work one place, keep his money in a second place and live in a third place. I live in Monaco. I don't work here, my money is placed elsewhere, but managed from here".
228:, a wide-ranging work of over 600 dense pages, in which he continued to forecast a house price collapse but also explained how to prosper in the long term from new trends. In
662:
672:
652:
216:. He followed this up with recommendations for how to beat the coming depression and a history of financial crashes. In 1987 the stock market did crash on
647:
667:
657:
498:
Shakespeare and the twentieth century: The selected proceedings of the
International Shakespeare Association world congress, Los Angeles, 1996
506:
232:(1996), Beckman again predicted a property price collapse, saying "There will not be a property boom during the 1990s of any sort."
195:
642:
521:
588:
31:
571:
376:
363:
350:
337:
102:(August 25, 1934 – December 6, 2007) was an American investment adviser, commentator, and author, who achieved fame in the
608:
135:
approach to investment that was slow but certain, saying that it took him more than 13 years to make his next million.
224:
noted that share prices after the crash were still about twice as high as they had been in 1983. In 1988, he produced
286:. I enjoy the finest of foods, wines, clothes, cars and boats, while being surrounded by beautiful women".
238:
in their 2007 obituary of
Beckman, noted that house prices had more than tripled since that prediction.
172:
tower for £25,000 per annum. In the late 1980s, he moved to The Water
Gardens, on Edgware Road, London.
637:
632:
146:
478:
388:
251:
217:
160:
138:
In 1963, Beckman moved to the United
Kingdom where he began advising on investments and bought the
393:
567:
502:
496:
372:
359:
346:
333:
312:
Supertiming the unique
Elliott Wave System: Keys to anticipating impending stock market action
213:
55:
613:
592:
169:
154:
153:
from his hand and tore it to pieces which Beckman took as a sell signal. He subsequently
283:
126:
on August 25, 1934. His family were poor but he managed to earn a degree in economics.
103:
626:
267:
150:
123:
585:
279:
430:, 29 December 2007, p. 76. ProQuest, UK Newsstand. Retrieved 28 March 2016.
345:. R. Finigan Ed. Milestone Publications, Portsmouth, 1988. (three editions)
242:
234:
142:
newsletter in 1968 when it had just 12 subscribers. He sold it in 1996.
30:
299:
271:
263:
191:
168:
In the 1980s Beckman rented a three-floor penthouse at the top of a
482:, 12 January 1981, p. 14. Gale NewsVault. Retrieved 29 March 2016.
275:
180:
270:. In 1992, he wrote of his "opulent lifestyle, shuttling between
145:
In the 1970s, Beckman achieved publicity after claiming that his
262:
Beckman married Arlette. From 1987 he was based permanently in
176:
314:. Library of Investment Study, Los Angeles, Calif., c.1979.
190:
In 1991, Beckman was warned by his professional regulator,
463:"Investor with a nose for tax avoidance" Francis Kinsman,
106:
in the 1980s through his media appearances and his books
179:
radio, which he held for 12 years, and also appeared on
175:
Beckman began a regular morning investment segment on
358:. Milestone Publications, Horndean, Hampshire, 1992.
326:. Milestone Publications, Horndean, Hampshire, 1984.
566:. 3rd edition. Portsmouth: Milestone Publications.
318:
The Downwave: Surviving the second Great Depression
212:, which sold 500,000 copies, he predicted a second
82:
74:
62:
37:
21:
564:Into the Upwave: How to prosper from slump to boom
549:"Still going up on the downwave", Lawrence Lever,
369:Housequake: Is this the right time to buy a house?
343:Into the Upwave: How to prosper from slump to boom
501:. University of Delaware Press. p. 306.
8:
617:, 24 October 1992. Retrieved 28 March 2016.
320:. Milestone Publications, Portsmouth, 1983.
663:American expatriates in the United Kingdom
495:Bate, Jonathan; et al., eds. (1998).
29:
18:
673:20th-century American non-fiction writers
599:, November 1995. Retrieved 28 March 2016.
533:"Jews attack 'smear' by shares adviser",
447:"The sound of money", Pearson Phillips,
371:Rushmere Wynne, Leighton Buzzard, 1996.
332:. Sidgwick & Jackson, London, 1988.
653:Deaths from cancer in the United States
586:Robert C. Beckman An American in Monaco
562:Beckman, Robert. R. Finigan Ed. (1988)
545:
543:
443:
441:
439:
422:
420:
418:
416:
414:
412:
410:
408:
404:
581:
579:
459:
457:
7:
330:Crashes: Why they happen: What to do
245:for prophesying doom, but he told
14:
196:Board of Deputies of British Jews
609:My Biggest Mistake: Bob Beckman.
648:American financial commentators
241:Beckman was often said to be a
668:Journalists from New York City
658:American expatriates in Monaco
1:
524:BFI. Retrieved 29 March 2016.
476:"Beckman's Bark. Observer.",
282:and various enclaves on the
122:Robert Beckman was born in
16:American investment adviser
689:
130:Financial and media career
467:, 21 October 1972, p. 22.
28:
643:American money managers
484:(subscription required)
451:, 29 April 1987, p. 14.
432:(subscription required)
553:, 25 July 1987, p. 25.
537:, 29 April 1991, p. 2.
78:Investment commentator
306:Selected publications
302:on December 6, 2007.
266:where he appeared on
203:Forecasts and writing
147:Old English sheepdog
479:The Financial Times
389:Greater fool theory
140:Investors' Bulletin
591:2016-03-26 at the
394:Three flags theory
508:978-0-87413-652-4
324:Beat the Downwave
100:Robert C. Beckman
97:
96:
42:Robert C. Beckman
680:
618:
606:
600:
597:Monaco Actualité
583:
574:
560:
554:
547:
538:
531:
525:
519:
513:
512:
492:
486:
485:
474:
468:
461:
452:
445:
434:
433:
424:
298:Beckman died of
214:Great Depression
69:
66:December 6, 2007
51:
49:
33:
19:
688:
687:
683:
682:
681:
679:
678:
677:
623:
622:
621:
614:The Independent
607:
603:
593:Wayback Machine
584:
577:
561:
557:
548:
541:
532:
528:
520:
516:
509:
494:
493:
489:
483:
475:
471:
462:
455:
446:
437:
431:
426:"Bob Beckman",
425:
406:
402:
385:
308:
296:
260:
226:Into the Upwave
222:Financial Times
205:
185:Prophet of Doom
132:
120:
112:Into the Upwave
91:Into the Upwave
67:
58:
53:
52:August 25, 1934
47:
45:
44:
43:
24:
17:
12:
11:
5:
686:
684:
676:
675:
670:
665:
660:
655:
650:
645:
640:
635:
625:
624:
620:
619:
601:
575:
555:
539:
526:
514:
507:
487:
469:
453:
435:
403:
401:
398:
397:
396:
391:
384:
381:
380:
379:
366:
353:
340:
327:
321:
315:
307:
304:
295:
292:
284:French Riviera
259:
256:
204:
201:
131:
128:
119:
116:
104:United Kingdom
95:
94:
84:
83:Known for
80:
79:
76:
72:
71:
70:(aged 73)
64:
60:
59:
54:
41:
39:
35:
34:
26:
25:
22:
15:
13:
10:
9:
6:
4:
3:
2:
685:
674:
671:
669:
666:
664:
661:
659:
656:
654:
651:
649:
646:
644:
641:
639:
636:
634:
631:
630:
628:
616:
615:
611:Bob Beckman,
610:
605:
602:
598:
594:
590:
587:
582:
580:
576:
573:
569:
565:
559:
556:
552:
546:
544:
540:
536:
530:
527:
523:
518:
515:
510:
504:
500:
499:
491:
488:
481:
480:
473:
470:
466:
460:
458:
454:
450:
444:
442:
440:
436:
429:
423:
421:
419:
417:
415:
413:
411:
409:
405:
399:
395:
392:
390:
387:
386:
382:
378:
374:
370:
367:
365:
361:
357:
354:
352:
348:
344:
341:
339:
335:
331:
328:
325:
322:
319:
316:
313:
310:
309:
305:
303:
301:
293:
291:
287:
285:
281:
277:
273:
269:
268:Riviera Radio
265:
258:Personal life
257:
255:
253:
248:
244:
239:
237:
236:
231:
227:
223:
219:
215:
211:
202:
200:
197:
193:
188:
186:
182:
178:
173:
171:
166:
163:
162:
156:
152:
148:
143:
141:
136:
129:
127:
125:
117:
115:
113:
109:
105:
101:
92:
88:
85:
81:
77:
73:
65:
61:
57:
40:
36:
32:
27:
20:
612:
604:
596:
563:
558:
550:
534:
529:
522:Bob Beckman.
517:
497:
490:
477:
472:
464:
448:
427:
368:
355:
342:
329:
323:
317:
311:
297:
288:
261:
252:Black Monday
246:
240:
233:
229:
225:
221:
218:Black Monday
210:The Downwave
209:
206:
194:, after the
189:
184:
174:
167:
159:
144:
139:
137:
133:
121:
111:
108:The Downwave
107:
99:
98:
90:
87:The Downwave
86:
68:(2007-12-06)
56:New York, US
638:1934 births
633:2007 deaths
356:Powertiming
280:Monte Carlo
110:(1983) and
23:Bob Beckman
627:Categories
572:1852651105
400:References
377:0948035463
364:1852651245
351:1852651105
338:0283996730
230:Housequake
118:Early life
75:Occupation
48:1934-08-25
551:The Times
535:The Times
465:The Times
449:The Times
428:The Times
247:The Times
243:Cassandra
235:The Times
151:Hammerson
589:Archived
383:See also
220:but the
170:Barbican
161:Taxation
124:New York
89:(1983),
155:shorted
570:
505:
375:
362:
349:
336:
300:cancer
272:London
264:Monaco
192:FIMBRA
93:(1988)
294:Death
276:Paris
181:TV-am
568:ISBN
503:ISBN
373:ISBN
360:ISBN
347:ISBN
334:ISBN
63:Died
38:Born
177:LBC
629::
595:.
578:^
542:^
456:^
438:^
407:^
278:,
274:,
187:.
511:.
50:)
46:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
