As the nation's financial markets c...

As the nation's financial markets crumbl in 1929 George Nicholson Jr was developing the principles of investing that would change the way ordinary investors participated in the stock market. He cause to growed the Stock Selection Guide (the "Guide") which today is used by dint of thousands of investors around the world to application of mind stocks.

The Guide became an investor's bible, said John Nicholson Jr his grandson. "He impacted thousands of the public around the globe," he said. "My grandfather believed in giving the public the education and knowledge and watching them create prodigious lives for themselves and others."

Mr Nicholson also lay the foundation ofed the National Association of Investment cudgels (NAIC), based in Detroit, Michigan, which now includes 3900 investment cudgels with more than SOO,OOO members around the world.

Mr Nicholson was a longtime Grosse Pointe Park, Michigan resident. He died from congestive heart failure in succession Sunday, July 21, 1996, at Bon Secours Hospital in Grosse Pointe. He was 88

In 1931 he graduated first in his class from Harvard's Business exercise His first job was as a sales forecaster with the Hudson Motor Co in Detroit.

But it wasn't until 1939 that Mr Nicholson impose into practice the modern investment coterie With five other men, he formed the Mutual Investment company of Detroit. Using the Guide, the cudgel operated under three rules: invest regularly without trying to time the market, reinvest dividends and capital gains in order to take advantage of compounding, and invest solely in growth companies. These principles and the Guide were the foundation forward which the Canadian Shareowners Association was created in 1987

Copyright Canadian Shareowner Magazine Inc. Sep/Oct 1996

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