[From The Archives] 1970 Barron's Interview With Roy Neuberger — Part 2

Continued from part one...

After this example, the interview moved onto trading. At the time, Roy Neuberger was still trading on a day-to-day basis. He made use of charts, the tape and his 40 years of experience to read the market.

“B: Does your 40-year perspective give you an advantage over young people on the Street?

RN: I don’t know about that...sometimes you can know too much about things. For instance, I know too much about Bausch & Lomb, which was off 9 ½ points at the opening the other day. I’ve known this industry since 1919 because my brother-in-law was a leading wholesale optician...I brought some Bausch for the fund in January 1969 and I evidently overstayed that market.”

Neuberger & Berman

The...