Geraldine Weiss dies at 96; Paved the way for women in investing

In “The Dividend Connection: How Dividends Create Value in the Stock Market,” the 1995 book she wrote with her son Gregory, Ms. Weiss explained that profits can be “hidden or disguised behind vague accounting terms such as cash flow, depreciation or inventory”. reserves” and distorted by taxes.

“A smart accountant,” she argued, “can make earnings look good or bad,” and companies that buy back their shares instead of paying dividends often pay too much for them.

The newsletter’s record since its inception in 1966, and the continuation of Ms. Weiss’ method of recommending after her retirement, were not flashy, but they were always gratifying. It produced an average annual stock market gain of 11.8% from 1986 to early 2022, including economic downturns, according to Mark J. Hulbert, founder of The Hulbert Financial Digest, a newsletter rating service, versus a gain of 11%, including dividends, for the Wilshire 5000 Total Market Index, the broadest measure of the US stock market.

Once a year, the service compiles a list of favorite stocks, which it dubs its Lucky 13. “It’s a method that works, proven to be sustainable and simple,” Hulbert said, adding that the ever-popular newsletter has one of the company’s longest tenures. “They make more money in the market, with less risk,” he said.

Geraldine Sylvia Schmulowitz, known as Gerry, was born in San Francisco on March 16, 1926. Her father, Alvin, was a real estate agent; his mother, Sylvia, was a housewife. Her father changed the surname to Small after Geraldine faced anti-Semitism at school. “It was a big change in my life,” she said.

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