Art Cashin, the legendary director of floor operations at UBS and a revered figure at the New York Stock Exchange, has died at 83.

Known for his unmatched market insights and storytelling prowess, Cashin was a cornerstone of Wall Street for over six decades, CNBC reports.

Cashin’s career began in 1959 at Thomson McKinnon, and by 23, he had already become a member of the NYSE. His rise was fueled by a combination of sharp intelligence, quick wit and an unshakable dedication to the trading floor, where he became a steadfast presence through decades of market evolution.

In 1980, he joined PaineWebber, which was later acquired by UBS.

Throughout his career, Cashin earned universal respect across Wall Street’s diverse landscape. He was an enduring presence on CNBC for over 25 years, delivering sharp analysis and reflections on market behavior, according to CNBC. His daily commentary, “Cashin’s Comments,” tied historical events to market dynamics, making complex trends relatable to investors of all levels.

Also Read: Stellantis Market Value Halves In 2024: Why CEO Tavares’ Exit Could Take Things From Bad To Worse

A key moment in Cashin’s career came in the aftermath of the 9/11 attacks, when he played a leadership role in the NYSE Fallen Heroes Fund, which supported the families of first responders. Reflecting on that time, Cashin described walking through streets choked with ash and debris as a moment that underscored the resilience and camaraderie of New Yorkers.

Cashin’s influence was not just about trading but also about understanding human behavior in markets. His insights on overreaction and panic remain valuable lessons for traders, emphasizing the importance of measured responses to volatility.

Despite the rise of electronic trading, which transformed the NYSE, Cashin cherished the floor’s human element and the values of integrity and trust it represented.

Read Next:

Image created using artificial intelligence via Dall-E.