In 1970, Lewis Rukeyser started a TV show called “Wall Street Week with Lewis Rukeyser” that summed up the weekly financial news. It stayed on the air for 32 years. Not bad for a show about finance.
The show was in fact, more than just a financial news summary. Lou had a way of making the financial news — especially making money from investing — sound like fun. He promoted the idea of investing in stocks for the long haul. And he and his panel made bold buy recommendations with explanations. Sure there was professionalism. As important, Lou brought a cocky attitude that he was in it for the fun of making money and talking about making money.
It got a lot of attention and, I think, encouraged lots of folks to invest and talk about investing rather than just leaving it to the experts. It also fit right in during the 1980’s with the huge cultural shift in the US towards a “greed is good” attitude. But Lou was not just a stock pitch man. He was ready to make fun of investing fads and he preached doing research before buying.
Lou passed on in 2006.
As far as I can tell, no one has been able to effectively fill Lou’s shoes. Jim Cramer tries, but he does not have the same compelling personality and connections. There are other as well. But again, I don’t see the same level that Rukeyser regularly hit.
And now there is Henry Blodget. Henry founded Business Insider and he is now doing a short weekly financial news summary through Business Insider. The show is not as developed as Rukeyser’s was. Nor does Henry offer the panel that Lou did. But Henry does pretty good interviews. And he takes the longer view the way that Lou did.
check it out! I think Henry is onto something and hope that he will keep it up!