Andre Kostolany Stock Exchange Specialist Date of Birth: 09.02.1906 Country: France

Biography of Andre Kostolany

Andre Kostolany was a stock market specialist and a Chevalier de la Légion d'Honneur. He spent a significant portion of his life in France and Germany. Born in Budapest, Hungary, Kostolany had a strong Jewish heritage. He initially pursued the study of philosophy and art history but was forced to abandon his education by his father and move to Paris.

In Paris, Andre became a broker, speculator, and an expert in economic arbitrage. In late 1929, he successfully played the "bearish" tactic and profited from the stock market crash. In 1940, France was occupied by the Nazis, and Andre decided to flee to New York. He quickly found employment in America and by 1941, he held the position of CEO and president of the "G. Ballai and Co Financing Company."

From 1950 onwards, Andre primarily lived in Paris, while his office was located in Munich. He enjoyed spending his leisure time on the Côte d'Azur. After World War II, Andre actively invested in Germany's revival and took advantage of the economic boom to increase his already substantial fortune. He continued to publish articles and conduct seminars on the secrets of the stock market, establishing himself as an expert in the field of stock trading.

Andre Kostolany expressed deep respect for the personal qualities and abilities of the German people. He believed that Germany was destined for a new economic upswing, although he acknowledged that the country would first have to overcome the challenges of reunification. His prediction of the "Wirtschaftswunder" or "economic miracle" proved to be accurate.

Kostolany actively criticized the gold standard, a monetary system in which currency exchange rates are rigidly tied to the price of gold. He believed that the gold standard hindered economic growth and led to constant crises. He opposed the monetary policies implemented by the Bundesbank in the 1980s and 1990s.

Throughout his 70-year career, Kostolany worked on several global markets and earned his reputation through hard work and impressive results. His success stemmed from a unique combination of practical psychology and economics. He willingly shared the secrets of his craft through books, seminars, and appearances on popular talk shows. Few individuals in the world of stock markets understood market psychology as well as Andre Kostolany.

Andre emphasized the importance of direct investments and claimed that anyone could make investments. However, he believed that only well-prepared individuals should engage in stock market battles. A successful trader must possess a calm mind, extraordinary composure, and unwavering patience. Alongside an in-depth understanding of market principles and the motivations of other participants, these qualities will lead to desired profits.

While individuals with significant starting capital may have an advantage, even a billion-dollar fortune cannot help those who do not know how to invest their money correctly and in a timely manner. Andre Kostolany passed away in Paris on September 14, 1999, at the age of 93.