New York Society of Security Analysts
The school has been a leading forum for the investment community since 1937. That year, a small group of security analysts decided to turn their casual lunch gatherings into a series of regular meetings. They held an organizational luncheon in a private dining room of the New York chamber of commerce. It was there that the school was conceived, with a membership of approximately 20 analysts, including Benjamin Graham, the “father of securities analysis” and one of the most influential men in the history of finance.
In September of that year, the society held its first formal program, at which Lawrence Klybert of Alexander Eisemann & Co. spoke on “options their effect on the market price of stocks.” By 1939, the society had grown to 82 members. Today, with more than 11,000 members, the school is the largest of the more than 135 societies worldwide that comprise CFA institute.