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Growing Rich - Arabictrader.com

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KIRK KAZANJIAN<br />

Of all the financial shows on television today, and there are many,<br />

Wall $treet Week is unquestionably the most powerful and influential.<br />

It’s every portfolio manager’s dream to be asked on as a guest. Among<br />

other things, an appearance on the show can lead to hundreds of<br />

millions of dollars in new assets. Its following is that strong. The impact<br />

that other financial programs and cable networks such as CNBC<br />

and CNNfn have on viewers doesn’t <strong>com</strong>pare. Stovall knows this<br />

firsthand. He’s been on almost every national investment show around.<br />

“People really don’t take you seriously unless you’re on Wall $treet<br />

Week,” he says. “I think that’s because it is a serious show with clear<br />

continuity. For example, if you make a mistake in answering a question,<br />

people will write in or call. If Louis catches it, he’ll make you<br />

apologize and correct it on your next appearance. By contrast, I can<br />

go on the major networks and say almost anything and no one will<br />

even give a darn, since they’re so used to inaccuracies. We also reach<br />

a much larger audience. CNN’s excellent Moneyline show gets one<br />

million domestic viewers at the most. Louis says Wall $treet Week’s<br />

viewership is around ten million. It’s a very powerful program. The<br />

age of our average viewer is around 55. Interestingly enough, about<br />

a third of them don’t even invest. They just watch the show for its<br />

information, camaraderie, and humor.”<br />

FAMILY LIFE<br />

Stovall and his wife have four children. Their eldest, Sten (rhymes<br />

with Dean), is a London-based political/economic journalist and<br />

global financial editor for Reuters. From 1991 to 1997, he was also<br />

the European correspondent for the PBS program Nightly Business<br />

Report. Their next son, Sam, followed in his dad’s footsteps by be<strong>com</strong>ing<br />

an investment analyst, speaker, and writer for Standard & Poor’s<br />

in New York. Daughter Benedikte, the only single one of the bunch,<br />

works as a speech language therapist in Sarasota, Florida. And their<br />

youngest son, Robert, Jr., is an advertising executive based in Fort<br />

Lee, New Jersey. The Stovall’s kids have collectively given them five<br />

grandchildren so far.<br />

The Stovall’s also have an extended family of two Cuban political<br />

refugees whom they raised for six years until their birth parents could<br />

flee their native land. “They were with us from 1962 to 1968, and we<br />

still get together for at least one family reunion each year,” Stovall<br />

88

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