Coming Out

A top stock picker goes public

Arnold Bernhard, 81, spotted his chance after the stock market crash of 1929. Figuring that the public was aching for reliable investment advice, he set up a firm to provide it. The result was the weekly Value Line Investment Survey, first published in 1935. Today 111,400 subscribers get Wall Street's most popular major advisory service (cost: $365 a year). "All you need is an idea and faith in yourself," says Bernhard, who had dabbled in journalism and playwriting before turning to Wall Street. In a much awaited public...

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