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Joseph E. Granville
Joseph Ensign Granville (1923-2013) was an American financial writer and investment seminar speaker.
Born on August 20, 1923 in Yonker, New York, the son of Washington Irving Granville and Dorothy...visualizza altroJoseph Ensign Granville (1923-2013) was an American financial writer and investment seminar speaker.
Born on August 20, 1923 in Yonker, New York, the son of Washington Irving Granville and Dorothy Dartmouth (Crehore) Granville, he graduated from Todd School and Duke University. He served in the U.S. Navy during World War II, and in 1957 was hired by E.F. Hutton, one of the most respected financial firms in the United States (and for several decades the second largest brokerage firm in the country) to write a daily stock market letter. During this time Granville began authoring books dealing with the stock market, and he left Hutton in August 1963 to found, publish, and writer for the popular financial newsletter, The Granville Market Letter.
Granville became famous for inventing and developing the concept of “On-balance volume (OBV).” He argued that when volume increases sharply without a significant change in a stock’s price, the price will eventually increase rapidly, and vice versa. On balance volume is thus one tool of technical analysis that attempts to predict future prices of stocks, commodities, and other financial assets traded on financial markets for which historical price and volume information is available.
Granville appeared frequently on television programs such as CNBC and gave seminars nationwide, headlining both at Caesar’s Palace and to a packed house at Carnegie Hall, as he colorfully explained his investment theories sprinkled with humor and homespun philosophy. He authored over a dozen books, including Everybody’s guide to stamp investment (1952), A Strategy of Daily Stock Market Timing for Maximum Profits (1960), and Granville’s New Strategy of Daily Stock Market Timing for Maximum Profit (1976).
He died of pneumonia at a Kansas City, Missouri hospice on September 7, 2013, at the age of 90.visualizza meno