Wall Street legend Art Cashin dies at 83

Art Cashin, a prominent figure in the financial world and a respected director of floor operations at UBS on the New York Stock Exchange, passed away on December 2, 2024, at the age of 83. His career, spanning more than 60 years, made him a well-known fixture in the industry, where his insights and commentary were often sought by investors of all levels. His long-time association with CNBC, where he delivered market analysis and commentary for over 25 years through a segment called 'Cashin’s Comments,' helped him connect complex market trends and events with the everyday investor. He was admired not only for his financial acumen but also for his memorable anecdotes and jovial personality, which endeared him to many across the political and economic spectrum. Bob Pisani, a friend and CNBC reporter, lauded him as 'that rarest of creatures' respected by both sides of the market and among various political ideologies. Art's humor shined through in his commentary, revealing a unique approach to market volatility and life itself. He once recounted how, during the Cuban Missile Crisis, he attempted to maneuver on the trading floor amid fears of impending disaster. Cashin's boss imparted a significant lesson during this tense time, asserting that in dire situations, one should not bet on the end of the world, as it rarely happens, a perspective that would guide Cashin's trading philosophy. Beyond his professional wisdom, he was known for his witty remarks and reflections on life and trading, making him a beloved figure in the financial community. His passing marks the end of an era, leaving behind a legacy characterized by deep respect from peers and a collective mourning for an influential voice on Wall Street.