Roger Babson

In the excerpt above from the Action-Reaction Course, Alan H. Andrews talks about “the application to price fluctuations of Newton’s law of physics to which the late Roger Babson attributed his fortune of over $50,000,000.”

Roger Babson (1875 – 1967) was a famous and financially successful engineer, entrepreneur and economist from Massachusetts. Andrews first met him when attending a seminar held by Babson on Newton’s Third Law of Motion. Eventually, Babson would teach Andrews how to draw a nominal line through zigzagging market action on charts, something that Babson – who held an engineering degree from MIT – had learned while working with Professor George F. Swain. This is what Andrews later would refine into median line study.

Sources & further reading:

https://en.wikipedia.org/wiki/Roger_Babson :   Fetched:  2015-10-25

Biography of Roger Babson: Babson College : Fetched  2015-12-12

Roger Babson Called The Crash of 1929 :  Forbes magazine June 30, 2014

Rogerbabson.com:   Fetched :  2015-11-18