Dick Stoken
{{short description|American businessman and author}}
{{Use mdy dates|date=October 2013}}
Dick Stoken is an American businessman and author.
Career
A 1958 M.B.A. graduate of the University of Chicago's business school,{{cite news |title=Commodity Trader Suggests Sticking With Steady Job |url=https://www.newspapers.com/image/100664508/?terms=%22Dick%2BStoken%22 |accessdate=22 January 2019 |work=The Cincinnati Enquirer |date=26 September 1966 |location=Cincinnati, Ohio |page=49}} Stoken has been a member of the Chicago Mercantile Exchange since 1959 and the Chicago Board of Trade since 1971.{{Cite web |url=http://books.global-investor.com/pages/gurus.htm?PerIndex=1891 |title=Global Investor Bookshop |access-date=March 6, 2008 |archive-url=https://web.archive.org/web/20110526170522/http://books.global-investor.com/pages/gurus.htm?PerIndex=1891 |archive-date=May 26, 2011 |url-status=dead |df=mdy-all }} He is also a founding partner in broker Lind-Waldock and is head of Strategic Capital Management, a commodity trading advisor firm that manages commodity pools and hedge funds.[http://www.traders.com/Documentation/FEEDbk_docs/Archive/1298/Abstracts_new/Stoken/Stoken9812.html Technical Analysis of Stocks & Commodities Magazine] {{webarchive|url=https://web.archive.org/web/20080516214403/http://traders.com/Documentation/FEEDbk_docs/Archive/1298/Abstracts_new/Stoken/Stoken9812.html |date=May 16, 2008 }}
In the 1960s, Stoken wrote for the Commodity Research Bureau's Year Book on the futures prices of commodities including pork bellies, soybeans, eggs, live cattle and cocoa. His first book, Cycles - What They Are, What They Mean, How to Profit From Them, was published in 1978 after eight years of research, and showed "how you can plan your stock or commodity strategies based on long and short term cycles".{{cite news |last1=Lawless |first1=James |title=Investors' Memo - Best Investment .... Book of the Year Award |url=https://www.newspapers.com/image/128465833/?terms=%22Dick%2BStoken%22 |accessdate=22 January 2019 |work=The Des Moines Register |date=17 September 1978 |location=Des Moines, Iowa |page=3F}} His analysis of long-term economic cycles, particularly that at the time of writing, the world was at the late stage of an expansionary phase, and was poised for a depressionary phase, was much commented on for several years following publication.{{cite news |last1=Wylie |first1=William H. |title=Depression? This Prophet Sees One |url=https://www.newspapers.com/image/147142149/?terms=%22Dick%2BStoken%22 |accessdate=22 January 2019 |work=The Pittsburgh Press |date=21 September 1979 |location=Pittsburgh, Pennsylvania |page=27}}{{cite news |last1=Mitchell |first1=Walter |title=Mitchell's Market |url=https://www.newspapers.com/image/471880436/?terms=%22Dick%2BStoken%22 |accessdate=22 January 2019 |work=Edmonton Journal |date=10 November 1980 |location=Edmonton, Alberta, Canada |page=C19}} An article by Stoken in the February 1980 issue of Futurist magazine which predicted another major depression was also quoted in mainstream media, particularly the analogy between the "roaring 20s" before the crash of the 1930s, and the affluent, rebellious 1960s and 1970s,{{cite news |last1=Gilliam |first1=Harold |title=Take a Deep Breath and Hang on Tight? |url=https://www.newspapers.com/image/457308472/?terms=%22Dick%2BStoken%22 |accessdate=22 January 2019 |work=The San Francisco Sunday Examiner & Chronicle |date=2 March 1980 |location=San Francisco, California |page=36}} and his observation that "as hard times set in, women tend to dress more conservatively."{{cite news |title=Etcetera: Hemlines down? So is economy |url=https://www.newspapers.com/image/302451188/?terms=%22Dick%2BStoken%22 |accessdate=22 January 2019 |work=The Miami News |date=24 January 1980 |location=Miami, Florida |page=1}}
Stoken's second book, Strategic Investment Timing (1984), was also reported by one investment writer to be the best investment book of the year.{{cite news |last1=Lawless |first1=James |title=Investors' Memo - Best Investment .... Book of the Year Award |url=https://www.newspapers.com/image/128033260/?terms=%22Dick%2BStoken%22 |accessdate=22 January 2019 |work=The Des Moines Register |date=18 November 1984 |location=Des Moines, Iowa |page=4F}} It "explained four fundamental indicators that measure the key forces at work in the economy". Another, writing two years later, outlined Stoken's signals to buy and sell on the stock market, and concluded "many investors are glad they bought ... when Stocken [sic] was saying to hold."{{cite news |last1=Gross |first1=Harry S. |title=A Sure-Fire Strategy On Wall St.? |url=https://www.newspapers.com/image/185905787/?terms=%22Dick%2BStoken%22 |accessdate=22 January 2019 |work=Philadelphia Daily News |date=13 March 1987 |location=Philadelphia, Pennsylvania |page=40}}
Published works
- Cycles - What They Are, What They Mean, How to Profit From Them (1978)
- Strategic Investment Timing (1984)
- The Great Cycle (1993)
- The Great Game of Politics (2004){{cite news |last1=Buck |first1=William E. "Bill" |title=The games of people with different opinions |url=https://www.newspapers.com/image/219902728/?terms=%22Dick%2BStoken%22 |accessdate=22 January 2019 |work=The Times |date=2 August 2010 |location=Shreveport, Louisiana |page=6}}
- Survival of the Fittest for Investors (2011)
References
{{Reflist}}
External links
- {{Cite journal
|last=Krautkramer
|first=Wayne
|title=You're Trapped in a Box Canyon Stupid!
|journal=Safe Haven
|date=July 29, 2004
|url=http://www.safehaven.com/article-1805.htm
|url-status=dead
|archiveurl=https://web.archive.org/web/20081015154827/http://www.safehaven.com/article-1805.htm
|archivedate=October 15, 2008
|df=mdy
}}
- [http://strategic-inv.com/strategic/dstoken.htm Dick Stoken's profile on Strategic Investments]{{dead link|date=December 2017 |bot=InternetArchiveBot |fix-attempted=yes }}
{{Authority control}}
{{DEFAULTSORT:Stoken, Dick}}
Category:American non-fiction writers
Category:University of Chicago Booth School of Business alumni