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That is the top – The Reformed Dealer


Women and gents, that is the ultimate submit I can be publishing at The Reformed Dealer.

After right this moment the positioning can be inactive, endlessly. I started this weblog in November 2008 with none thought the place it might take me. I had a adverse web value, was working at a dead-end brokerage agency job and completely no profession prospects in anyway – a washed up inventory dealer at 31 years previous in the course of a worldwide monetary disaster.

So I started to put in writing. Truthfully, humorously, fearlessly. And also you started to learn. First just a few dozen guests. Then just a few hundred. Then 1000’s. One million. Thousands and thousands of readers have hit these pages over the past fifteen years. Should you’re a type of readers who got here alongside, tapped in, subscribed and stayed with me, I owe you every part I’ve. My profession, my agency, my livelihood, my life-style.

You watched me develop up on this website. I bought issues proper and bought issues flawed and did my greatest to relay the teachings realized from each experiences. I left the brokerage enterprise and dropped my Collection 7 proper earlier than your eyes, making a profession change that was the final word leap of religion – nothing to fall again on if it didn’t work. I met my associate Barry on account of doing the positioning. I bought a tv contract on account of doing the positioning. I constructed a $4 billion registered funding advisory agency with over 60 workers and 4,000 shopper households on account of doing the positioning. You, my followers, made all of that potential. With out you, none of it might have been.

You’ll have seen that within the final couple of years I’ve been writing quite a bit much less right here. The primary purpose for that’s all my skilled desires are coming true. I used to dream of working at a agency just like the one I’m now managing as CEO. Which is an incredible feeling. I neglect how fortunate I’m. However getting us thus far has taken up increasingly of my time with every passing yr. And so the writing needed to take a backseat.

Final December we employed a agency president who might slowly start to take day-to-day administration and management duties off of my plate. And now, for the primary time in a very long time, I’m able to get again to writing. However coming again to writing right here simply didn’t really feel proper.

The Reformed Dealer isn’t just a weblog. For me, it has additionally been a complete persona. Not fairly a pen identify or a pseudonym – I’ve by no means revealed a single phrase secretly or surreptitiously in my whole life. The Reformed Dealer was who I used to be. Pugnacious, sarcastic, cynical, incensed, offended, vengeful – however, and it is a massive however, nonetheless optimistic regardless of all of the failings of Wall Road. That was who I used to be for many of the final fifteen years and the writing I did right here mirrored that.

I’m not that man anymore.

I’ve developed. I believe for the higher. I’ve gotten smarter. I’ve reached new skilled heights and unlocked new ranges. I’ve modified my thoughts about sure issues. I now have the information and expertise of somebody who has really completed just a few issues. Fifteen years in the past I had the righteous indignation of somebody who had survived just a few issues, however little else.

Issues are completely different now. I wish to inform you all about it. And I’ll. However first, now we have to place this specific weblog to mattress.

And so to all of you who’ve come right here over time to be taught, to chortle, to be impressed, to change into higher knowledgeable, to be entertained and enlightened, I wish to inform you how a lot I admire you. Should you’ve ever learn my stuff, shared it with a pal or a coworker, despatched me an e mail or a letter (there have been 1000’s of emails and letters!), retweeted me, linked to me, and so forth, this final submit is devoted to you.

It has been the consideration of a lifetime writing for this viewers – an viewers that has lifted me up, supported me, cheered me on and caught with me by means of all of the ups and downs. I like you guys. You’re the absolute best.

From the underside of my coronary heart, thanks.

– Downtown Josh Brown
New York Metropolis, November twenty ninth 2023


Comply with Josh’s subsequent journey right here.








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