About Malcolm Berko

Malcolm Berko

Malcolm Berko

After finishing high school in 1956, Malcolm Berko toured the United States for 10 months on a reconditioned Harley-Davidson before beginning his investment career as a margin clerk for Merrill Lynch, Pierce, Fenner and Bean. Merrill fired him two months before completing his degree in 1959, so he spent the next two years in graduate school. In 1962, Berko sold his Harley, got married and joined Thomson McKinnon Securities as a stockbroker. In 1982, Berko began writing Taking Stock, a syndicated financial column.

In 1990, Prudential Securities purchased Thomson & McKinnon. Several months later, Prudential asked Berko to resign because his column continued to speak unkindly of the many private-equity, real estate, limited partnerships sold by Prudential to trusting clients.

Berko quickly joined Advest Securities, which was subsumed 15 years later by Merrill Lynch, Pierce, Fenner & Smith. However, because his column was critical of Merrill's mutual funds and selling practices, Merrill declined Berko employment. Berko immediately segued to Moors & Cabot, a boutique New York Stock Exchange brokerage founded in 1881. In January 2007, John Thain, then president of the NYSE, insisted that Moors & Cabot terminate Berko’s employment because his column’s comments were offensive to the honor of the Big Board. Berko continues to write his columns from his offices, which he occupies with his secretary in Boca Raton, Fla. By invitation, he will share his humorous and pithy comments about the stock market, politics and social events with audiences around the country.

Berko is a published poet and nature photographer. He was a ranking handball and racquetball player, has climbed Mount Everest twice (unsuccessfully) and occasionally backpacks the Himalayas. Berko collects old stock and bond certificates, first edition signed books and is a firearms enthusiast. He admires Winston Churchill, Robert Frost, Carl Sandburg, Albert Einstein and William F. Buckley. He hosted a two-hour, call-in radio talk show for a dozen years and enjoys playing a poor game of golf. He has a son who is a physician, a daughter who practices law and four grandchildren.

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The Lowdown on Edwards Lifesciences Mar 13, 2019

Dear Mr. Berko: I took your advice on AT&T. I'm holding my nose and reinvesting the dividends on 800 shares. I also bought 500 shares of Edwards Lifesciences at $22 in 2009 and have a huge profit. Is this a buy, sell or hold? — NL, Wilmington, ... Read More

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Keep AT&T Mar 13, 2019

Dear Mr. Berko: I'm a 41-year-old happily married woman with two boys. Before my dad passed away in late 2008, he invested $60,000 and bought 2,300 shares of AT&T at $26 a share for me. He told me to keep it for the rest of my life and said it would ... Read More

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Cheap Stocks Mar 06, 2019

Dear Mr. Berko: I'd like to speculate with about $30,000 and buy six or seven stocks selling for less than $10. Could you recommend some cheap issues that have a chance of doubling in price over the next few years? I won't blame you if they crash. &#... Read More

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Buy More Apple? Mar 06, 2019

Dear Mr. Berko: My stockbroker had me buy 200 shares of Apple last November at $221. His firm has a bullish report that says Apple will turn back to my purchase price in the coming six months, and he wants me to buy 200 more shares. I'd appreciate yo... Read More