Laszlo Birinyi, The Man Who Predicted Dot-Com Bubble, Dies At 79

Zinger Key Points
  • Laszlo Birinyi, renowned for his money flow analysis, dies at 79.
  • Birinyi's predictions, including the dot-com bubble burst, showcased his unique market insights.

Laszlo Birinyi, the mastermind behind the revolutionary money flow analysis, died at age 79 on Aug. 21 after struggling with multiple health issues, Bloomberg reported. 

His journey from a Hungarian immigrant to a top market forecaster is nothing short of inspirational.

Money Flow Analysis: A Game Changer: Birinyi's rise to prominence in the 1990s was largely attributed to his innovative money flow analysis. This method, which evaluates the likelihood of a stock's movement based on trading volumes at varying prices, has been pivotal in predicting market trends.

The essence of this analysis is to understand the conviction behind price fluctuations. For instance, if a stock's price drops but sees a surge in trading volume, it could indicate a further decline.

According to BloombergMike Holland, chairman of Holland & Co., once remarked, “Laszlo was always thoughtful... It was always interesting to listen to him.”

Also Read: Nvidia Stock Soars Past $500 After Chipmaker Demolishes Q2 Estimates On AI-Fueled Record Data Center Revenue; CEO Says 'A New Computing Era Has Begun'

Predictions That Defined A Career: Birinyi's foresight was evident when he advised selling internet shares just before the dot-com bubble burst. His acumen was again on display when he encouraged investors to buy U.S. equities as the Standard & Poor’s 500 Index hit a 12-year low in 2009.

During a tumultuous period in August 2015, he remained optimistic, predicting that stocks would recover. True to his word, the S&P 500 rallied by 13% by November that year.

A Life Of Excellence: Beyond his professional achievements, Birinyi's personal life was a testament to his character. Founding Birinyi Associates Inc. in 1989, he dedicated his life to analyzing market data and serving high-net-worth individuals.

His journey, from his birth in Hungary in 1943 to the U.S. at age seven to becoming a director at New York's Salomon Brothers Inc., showcased his relentless pursuit of excellence. Yet, amid all his accolades, what he cherished most was the simple joy of having dinner with his family every night. 

He is survived by his wife Jill Costelloe Birinyi; two daughters, Natalie and Anna; his brother and a grandson.

Now Read: If You Invested $1,000 In Disney Stock When Ron DeSantis Became Governor, Here's How Much You'd Have Today

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: GeneralAI Generateddot-comdot-com bubbleLaszlo BirinyiobitsObituary
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!