Walter K. Gutman ’24 died on April 27, 1986, in Manhattan, New York.
Walter K. Gutman ’24, a New York stock market analyst, writer, artist and avant-garde film maker, died April 27, 1986, at his home Manhattan.
He was born in Chicago on April 15, 1903, and prepared for college at the Horace Mann School for Boys. He graduated magna cum laude from Bowdoin and did graduate work in English at Yale University. He studied at the Art Students League and became a contributor on art to magazines such as The Nation, The New Republic, Art in America, Creative Art and International Studio.
He was both an artist with a keen eye for the stock market, and a stock analyst with a talent for art. He described himself as “a Proust on Wall Street.”
In 1942, he was hired as a junior security analyst with Goodbody & Co. in New York, and in 1949 began writing the Goodbody Market Letter, which became widely read for its witty, speculative and offbeat style. He subsequently worked for several large New York firms—Shields & Co., Stearns & Co., Gruntal and Co.—but also had a successful literary and artistic career. His books include a compilation, The Gutman Letters (1969), and You Only Have to Get Rich Once (1961).
He also backed, wrote, starred in, narrated or directed several underground films, including Clothed in Muscle: A Dance of the Body (1981) and The March on Paris 1914—of Generaloberst Alexander von Kluck and His Memory of Jessie Holladay (1976).
He is survived by daughters Judith Freed and Susannah Gallagher, son Brook Gutman and seven grandchildren.
Remembering Walter today