11/16/79 Article written by Joseph Granville:
NOTES AND OBSERVATIONS BY THE SUBJECT [
1815]
CAYCE READING GIVEN FEBRUARY 8, 1939:
I always knew who I was and where I was going from the very
earliest age. Richly endowed by parents of opposite
backgrounds, I got my great physical strength from my
father and my artistic temperament from my mother. My
father had little education, came from poverty and had to
work very hard from an early age for everything he got. He
gave me my drive, ambition and the credo to always keep
going and never give up. My mother gave me my great love of
life, its total freedom, my deep love for music and books.
Some of my earliest memories consisted of the two of us
sitting out under the stars at night, my asking her at the
age of four as to people living on other planets. She
taught me to play piano when I was three. We had a very
extensive library and I always had my nose in a book. As
for the piano, I had a great talent for improvisation. It
has never left me. That talent was extended to describe
everything I do. I have always been the maverick, the
iconoclast, the breaker of accepted images. Everything I
touched led to new contributions of thought, new theories -
always the pioneer.
My mother taught me astrology, numerology and I delved into
prophecies at an early age. After years in public schools,
my mother felt that I needed more individual handling in a
school where the child was given much greater latitude for
creative development. Prior to that decision to send me to
the Todd School for Boys in Woodstock, Illinois (September
1939), my mother became familiar with the great work of
Edgar Cayce and, based on his reading of February 8, 1939,
made the right decisions regarding my future.
The following Spring (1940) I went on a trip covering nine
states and Mexico. It was a great turning point. I
immediately sat down and wrote my first book, A SCHOOLBOY'S
FAITH which was published a few months later by Fleming
Revell, New York, N.Y. (1941). In that book was not only a
travelogue in verse but also THE SEARCHLIGHT, my personal
philosophy of life, and it has not changed one iota.
Graduating from Todd in June 1941, I didn't want to go
immediately to Yale where one of my aunts wanted to send me.
I took a year off, acting in an off-Broadway group called
the Valdes Players. During this period I wrote a three act
comedy called HOT TROPICS which almost got me thrown out of
college a year later because in that play nobody wore any
clothes in the third act. I was always thirty years before
my time, this concept preceding the Broadway production of
HAIR by a generation.
While at Todd I had developed my interest in chemistry and
economics and so by the time I got to Duke University in
September 1942 I had picked chemistry as my major. I was
all head and no lab technique. Even to this day I have the
largest lab breakage bill ever run up in a given semester
at Duke. Due to the war, I switched my major to pre-med
so as to remain on campus longer. For the same lack of lab
technique it wasn't long before I decided against medicine.
I was all head. I could no do organic transformations in
my head but when it came to dissecting cats I knew that no
patient of mine could have survived.
I left Duke in the summer of 1944 for boot camp with the
Navy at Asbury Park, New Jersey. From there I went to
midshipman school at Northwestern University in Chicago,
getting my commission in the U.S. Navy as Ensign in January
1945.
I had met a girl named Katherine Reese in July 1944 and
married her in May 1945 after a four-month course in
communications at Harvard University at Cambridge, Mass.
Soon after the marriage I received my overseas orders and
flew to Pearl Harbor in June 1945. From Pearl I got final
orders to report to Roi Namur in the Marshall Islands,
arriving there in July 1945.
While at Roi Namur I wrote my second book, PRICE PREDICTIONS
which my mother had printed for me while I was overseas. It
was an idea based on a fixed or diminishing supply market.
I have been a stamp collector all my life and I saw an
exciting future for that market - sharply rising prices
due to fixed and diminishing supply. When I got out of the
Navy in January 1946 the first thing I did was to write a
second of edition of PRICE PREDICTIONS. Returning to the
states, I tried to make a go of things with Katherine but
it just wasn't meant to be. We split in July 1946 and I
never saw her again. The marriage was annulled. There
were no children.
I couldn't get back to Duke University immediately and so
I took a job in New York at a hospital fundraising outfit
called Will, Folsom & Smith. While working for them as their
statistician, I wrote the third edition of PRICE PREDICTIONS
which appeared as a two-volume work in August 1948, published
by Lindquist Publications, New York, N.Y. I returned to Duke
for my junior year in September 1947 and this time majored in
economics. I was widely published by this time, having done
many articles for Linquist Publications as well as already
having five published books to my credit. I stayed at Duke
until I graduated in July 1948.
In June 1948 I met Polly Delp while visiting at home at
Westport, Connecticut. Again I fell in love. I didn't see
her after August 1948 until briefly in May 1949. She called
me up in New York in March 1950 and that started everything
again. We were married in July 1950. We went to New York
City to live and remained there until 1953.
A daughter, Leslie, was born in July 1951 and a son in
October 1952, Blanchard. We brought out first house in
Ramsey, New Jersey in August 1953, finally getting out
of our apartment in New York. I had been publishing the
PHILATELIC INVESTMENT LETTER since November 1950 and that
provided our meager income at that time.
These were searching years, trying to get a feel of final
directions, how best to utilize all my talents that lay
in writing, public speaking, acting, music, mathematics,
statistical analysis etc. In 1952 Hermitage House published
EVERYBODY'S GUIDE TO STAMP INVESTMENT, the forerunner to
stamp investments as becoming acceptable investments on the
Keough Plan, there again twenty years ahead of my time.
I stayed with Avon Products in the printing department long
enough to get another book done in 1956 (the 4th edition of
PRICE PREDICTIONS) and then, extremely restless to get on to
more to more serious work, left Avon in 1957 to seek
employment in New York.
I went from one employment agency to another, filling out
applications. The year before I had taken an aptitude test
by Merrill Lynch and flunked it, told by them that I would
never have any success in any phase of Wall Street work.
Then it happened! One of the agencies called back and told
me that I had an appointment with E. F. Hutton & Co. the
next day at 4 P.M. I took the manuscript of the book I had
recently completed into the city with me. The manuscript
weighed about
6-8 pounds and numbered 2,350 pages. At the
proper moment during the interview I held the manuscript
a foot above the desk and let it drop. It had the desired
effect. They figured that anybody would could inflict that
much self-punishment when he didn't have to that they could
teach me to do the rest. I got the job as the market letter
writer for E. F. Hutton & Company that day on 30-days
probation. I would write the letter each day and sign it
but it wouldn't go out on their wire system until I had done
that successfully for 30 days. To make a long story short,
the letter was going out 11 days later. I had not had even
5 minutes previous Wall Street experience and I had landed
their top job. That was October 1957.
The next two years were two of the busiest of my life,
finding my true niche. But I had to do it my way. I was
very outspoken. I would not cotton to the traditional ways
of fundamental analysis, seeing that it was not the way.
I began to formulate a brand new language for the market,
a completely new way of doing things. I created a new
terminology and saw the the great need to teach this.
Those two years put together the experience to write
A STRATEGY OF DAILY STOCK MARKET TIMING FOR MAXIMUM PROFIT
which was published by Prentice Hall in 1960. It took the
country by storm, going through over 30 printings. It
catapulted me to the top of the heap. I did a one hour
prime time CBS television interview with Mike Wallace in
1961 and was so outspoken on the show that I was called in
by the Hutton management the next day and given a severe
lecture, resulting in the first blue penciling of my work.
It was at that time that I gave serious thought to leaving
Hutton. Having a new book coming out in October 1963
(GRANVILLE'S NEW KEY TO STOCK MARKET PROFITS), I knew that
I had to be out of Hutton by then because they had already
asked me to revise various parts of my STRATEGY book which
did not conform to their traditional way of thinking.
In July 1963 I gave them two weeks notice, put Newton Zinder
in my place, and left, never to regret the decision for five
seconds. I opened a small office opposite City Hall and did
business there under the name of The Granville Market Letter
from 1963 through the summer of 1966. That summer I crossed
the river to Newark and did business there until December
1966. In that month I moved my family to Ormond Beach,
Florida. The move out of New York City was to get away
from Nelson Rockefeller's taxes. The second move was to
get away from the cold winters.
See Source File Key #1815 for A SCHOOLBOY'S FAITH [written
in 1940, published in 1941], which was published by Fleming
Revell, New York, N.Y. (1941) re 1815-1.
2/19/80 E.C.F. rec'd from Joseph Granville:
The Granville Market Letter dated
2/18/80. Extracted from
page 5 and 6.
"THANKS TO MY SPONSORS On February 8, 1939 the great psychic
Edgar Cayce of Virginia Beach, Virginia went into a
self-induced trance. I was many miles away in Yonkers, New
York at that time. What resulted was a life reading which
currently is on file at the Association for Research and
Enlightenment in Virginia Beach under the File Number
[
1815], open for inspection by the public. Everything
in that life reading has been dramatically fulfilled.
On the 41st anniversary of that reading I flew from
Sacramento, California to Virginia Beach, Virginia and
it turned out to be four of the happiest and thrilling
days of my life. I spent several hours doing audio and
visual tapes prior to my formal lecture on February 11th.
I want to thank all the people of A.R.E. who made made this
all possible, especially Hugh Lynn Cayce, Edgar Evans Cayce,
Gail Cayce-Schwartzer, and Gladys Turner. Gladys was the
recorder at the at the time of my 1939 life reading Edgar
Cayce. I want to also thank Bob Adriance for his fine
introduction, hospitality, and trip back to the airport.
I have to also add my thanks to Tom Kay who was so kind as
to bring me additional books pertaining to earthquakes which
greatly shortened my flight time back to Daytona Beach,
a brief pit stop on the way to another seminar in Miami.
It was also good to see many subscribers from the area.
I look forward to my next trip to Virginia Beach and would
highly recommend that anyone passing through that area
take the time to stop off and visit the A.R.E. at 67th
and Atlantic in that city and acquaint themselves with
the great work that is being done there. A word to the
wise is sufficient."
5/12/80 Article from New York newspaper:
GOOD-BYE TO L.A., SAYS MARKET WIZ
JOSEPH GRANVILLE, THE modern-day messiah of the market, has
struck again. After flabbergasting Wall Street a fortnight
ago with his forecast that the market would shoot up -
thereby sending the Dow Jones averages up more than 30
points in one day - Granville has announced to devoted
subscribers of his $250-a-year newsletter that three big
earthquakes will hit California by May 1981. Granville
generally predicts earthquakes one to nine days in advance
(he forecast the January 25 Livermore, California,
earthquake the day before) but says the bigger they are, the
easier they are to call.
Granville, who sounds more like Oral Roberts than Felix
Rohatyn, has achieved spectacular success in calling every
turn of the stock market since October 1974. He claims to
have applied the same charting techniques that made him a
cult figure in the financial markets to seismological data
collected over the past years. This time, says Granville,
we'll have a quake in May north of San Francisco, one late
in the year near Santa Barbara, and the biggest of all - 8.3
on the Richter scale - near Los Angeles in about a year.
See Source File Key #1815 for GD's note of
3/03/81 re
further publicity in re Joseph Granville which includes
his MARKET NEWS LETTERS and all news about him which is
not included as a Report re 1815-1.
Edgar Cayce Readings © 1971, 1993, 1994, 1995 by the Edgar Cayce Foundation