Financial History 155 Fall 2025 | Page 5

IN THIS ISSUE
▶ By David Cowen, President and CEO
▶ By Brian Grinder and Dan Cooper

IN THIS ISSUE

4 Message to Members

▶ By David Cowen, President and CEO

DEPARTMENTS

ON THE COVER

Drawing of panicked stockbrokers on May 9, 1893, from Frank Leslie’ s Illustrated Newspaper. See related article, page 32.
5 Educators’ Perspective
Risk, Return and Rembrandt: The Heist

▶ By Brian Grinder and Dan Cooper

43 Trivia Quiz
Library of Congress
TRUSTEES
Peter A. Cohen, Chair Andover National Corporation
Lawrence A. Cunningham University of Delaware
Mitti Liebersohn Savills
Scott Reddel Accenture
Andrea de Cholnoky, Co-Vice Chair Golden Seeds
Karen Gephardt, Co-Vice Chair Fusion Partners
Sanford Crystal, Treasurer Alliant Insurance Services, Inc.
Alvi Abuaf Motive Partners Private Equity
Peter Akwaboah Morgan Stanley
Sabrina Bailey Fiducient Advisors
Gregory Bauer Moody’ s( retired)
Patrick Curtin Citi
Ric Edelman Digital Assets Council of Financial Professionals
Charles Elson University of Delaware
Eileen Fahey Fitch Ratings( retired)
Martin Fridson Lehmann, Livian, Fridson Advisors LLC
Adam Goldstein Archer Aviation
Martha Clark Goss American Water Works
Consuelo Mack WealthTrack
Joseph Mecane Citadel Securities
Jorge Nario Fidelity Center for Applied Technology( FCAT)
Anders Nemeth Oliver Wyman
Eamon Nolan Vinson & Elkins
Lynn O’ Mealia Loudon Investment Management
Elizabeth O’ Melia ProCFO Partners
Robert Robotti Robotti & Company
Mark Shenkman Shenkman Capital Management, Inc.
David L. Shuler Varro Life Sciences
Richard Sylla New York University
Saul Van Beurden Wells Fargo
Dan Veru Palisade Capital Management
Charles Wait The Adirondack Trust Company
Douglas Cifu Virtu Financial
Kirk Haldeman J. P. Morgan Chase & Co.
Chris Perry Broadridge
Marcy Cohen ING Americas
Carol Kaimowitz Retired Insurance Executive
Matthew Perconte Protiviti
Wendy M. Cohn Fitch Ratings
David J. Cowen, President / CEO Museum of American Finance
Glenn Kaufman Kaufman Family LLC
Ranch Kimball Glorious Cahoots Capital Partners
Brad Peterson Nasdaq
Bob Pisani CNBC
John E. Herzog, Chairman and Trustee Emeritus
www. MoAF. org | Fall 2025 | FINANCIAL HISTORY 3