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16 October 2025 Financial Analysts Journal Volume 81, Issue 4

The First 80 Years of the Financial Analysts Journal

Prolific Contributors and Major Ideas and Innovations

Bruce I. Jacobs and Kenneth N. Levy, CFA

Spanning nine financial eras, this study analyzes 80 years of the Financial Analysts Journal to rank leading contributors and identify significant themes and seminal ideas that helped define investment thinking.

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Abstract

Since its inception in 1945, the Financial Analysts Journal (FAJ) has advanced some of the investment profession’s most influential ideas by providing an outlet for innovative thinkers. We trace the FAJ’s history by identifying the most prolific contributors and innovations featured over its first 80 years and in each of nine financial eras. Using the comprehensive database and rigorous methodology that we developed, this article provides rankings of the top authors and the most frequent words in titles and examines the context in which these words were used to identify seminal ideas and the authors behind them.