Shut Up and Keep Talking: An Exciting Look at a Quarter of a Century at the NYSE
Featured Events | Oct 14, 2022 | Gabelli School of Business
For 25 years, Bob Pisani has been on the finance world’s frontline as a senior markets correspondent for CNBC. He’s covered groundbreaking news, such as the Asian Financial Crisis, the dot-com bubble, and the Great Financial Crisis, and has had once-in-a-lifetime encounters with prominent CEOs, world leaders, and celebrities. Pisani witnessed Led Zeppelin’s Jimmy Page perform a guitar solo and he met the iconic Aretha Franklin, all on the floor of the New York Stock Exchange.
In his book Shut Up and Keep Talking, the veteran reporter shares riveting stories about the investment world and how much it has changed since the days when brokers shouted across the trading room floor. He discussed this history with Consuelo Mack, managing editor and executive producer of Consuelo Mack WealthTrack, in this webinar co-sponsored with the CFA Society New York, the Gabelli Center for Global Security Analysis, and the Museum of American Finance.
After years of watching the stock market rise and fall, Pisani said that at the end of the day, investors’ personal bias and other unforeseen factors stand in the way of predicting the future of the market.
“If you’re an analyst, and you have to make a guess about the earnings stream of the company you’re covering a year from now, it turns out to be almost impossible,” he said. “The company could be bought out, have a big competitor, or the CEO could fall ill. There are millions of potential variables and our ability to make those predictions because of these unknown factors is not very high.”