The New York Society of Security Analysts was founded in 1937 by a small group of analysts who had been meeting casually for lunch. From 100 members at that time, it had grown to approximately 700 members by the end of 1944. The broad objectives were set early: to maintain a high standard of professional ethics and to improve analytical techniques. Volunteer committees carried out activities directed to achieving these objectives—primarily through numerous lunch and dinner “forum” meetings at which leaders in various fields and industries spoke. The NYSSA was incorporated in 1940, and the introduction of the Analysts Journal was part of its effort to make an important contribution to the welfare of the profession and the investment business in general.