Log In

Julius Milton Westheimer Edit Profile

investment executive , media financial commentator

Julius Milton Westheimer, American investment executive, media financial commentator. Recipient First prize essay contest Wharton School Financial and Securities Industry Association, 1965.

Background

Westheimer was born on September 6, 1916, the son of Milton F. Westheimer, a Baltimore investment banker, and Helen Gutman Westheimer.

Education

Bachelor of Science magna cum laude, Dartmouth College, 1938.

Career

He is best known for his radio and television work, having dispensed financial advice on WBAL Radio, WYPR, WMAR, WBAL-TV and PBS' Wall $treet Week, and in columns in the Baltimore Sun, Baltimore Evening Sun, and Daily Record newspapers. In his youth, he lived in his uncle's house at 1714 Eutaw Place in Baltimore. He began work in the toy department at Macy's in New York for $35 per week.

Westheimer eventually became the company's president. Westheimer joined the Baltimore investment house of Baker Watts & Co., now Ferris Baker Watts, in Hunt Valley, Maryland, overseeing an investment management group for more than thirty years. They were together until his death on August 31, 2005, six days short of his 89th birthday.

Westheimer travelled the world, and made a habit of visiting the Baltimore Sun's foreign bureaus, as he believed that the staff would give him better sightseeing and dining advice than the travel agencies. This led to a chance meeting at a luncheon with editor Louis Rukeyser, then chief of The Sun's London bureau, which in turn led to Westheimer writing for the paper. He later had a regular financial column, Ticker, writing more than 2,300 columns from February 22, 1977 to December 28, 2001, along with many feature articles.

When Rukeyser started a syndicated television show about the stock market, he invited Westheimer to appear, which led to regular appearances on the PBS show Wall $treet Week for twenty-nine years from 1971. In 1975, Westheimer began giving financial advice on Baltimore's WMAR TV station. He was employed as WBAL-TV 11's financial analyst in 1981, and began presenting daily financial and investment reports on WBAL Radio in 1982.

He was inducted into Research magazine's Broker Hall of Fame in 1994. He continued as WBAL's financial analyst until his retirement in 2004, presenting morning broadcasts on News Today. From 2004, he began appearing on Baltimore NPR affiliate WYPR-FM in a feature called Julius Westheimer's Money Minute, airing twice daily.

Works

  • Other Work

    • Finance columnist The Baltimore Evening Sun.

Politics

In his youth, he published a neighborhood newspaper in Pikesville, Maryland, and he later edited the campus newspaper at Dartmouth College, where he earned a bachelor's degree in political science, was elected to Phi Beta Kappa, and graduated with honors in 1938. In an interview with the Baltimore Jewish Times, he later confessed that he "despised every minute of it." Feeling that he "just wasn't cut out for the retail business," he merged Gutman's with the Brager-Eisenberg department store, and left to begin a career in investment banking.

Membership

Co-founder, president Commerce and Industry Combined Appeal of Maryland, 1954. Chairman Maryland Cancer Crusade, 1957-1958. President Associated Jewish Charities of Baltimore, 1975-1976.

Chairman investment committee Children's Hospital, Baltimore, 1980-1988. Member Suburban Club Baltimore (president 1962-1965).