Gary Kaltbaum
Gary Kaltbaum is an American investment advisor and author based in Orlando, Florida and Scottsdale, Arizona. He has a syndicated radio show, Investor's Edge and is a frequent financial commentator on Fox News, particularly on Neil Cavuto's Your World with Neil Cavuto. He has written a book, The Investor's Edge, and is currently working on a new title, No Help From Wall Street.
Investment Approach
A self-styled "student" of the market, one of Gary's central tenets is that the stock market acts independently of outside influence or opinion, and in particular will not be swayed by actions of government. He often refers to this as the market "speaking" and that successful traders will "listen to the market" when considering what positions to take in it. Gary is known for his forceful manner, characterized by a heavy Northeastern accent. Gary is an outspoken opponent of the buy and hold school of investing, instead insisting that losses greater than 8% should never be tolerated. He strongly believes that market turns, both negative and positive, have definitive signs that can be identified and exploited. He frequently cites Stan Weinstein and William O'Neil as influential to his points of view.Gary also pointedly denounces what he refers to as "financial charlatans," leading among them Jim Cramer, who he faults for being inappropriately bearish and wrongly calling the bottom of the market during much of 2007 and 2008. He is loath to give very specific advice himself but seems to adhere to a momentum strategy, not based on any kind of hard research on the scientific fundamentals of the companies involved.