Charles Dow was born on November 6, 1851 in Sterling in the American family of farmers. Everything began in 1851 when in a family of farmers, the young man, having hardly reached majority, dreaming to conquer the world, left a family in job searches. Thus, work as the journalist in the newspaper with economic subject became the first step on top of success. Actually he became the primogenitor of a genre of financial journalism, and not just the well-known index.
As well as each talented person, Charles starts realizing that his knowledge in it area economic journalism and exchange analytics can bring it considerable success, and it makes the decision, together with the partner Edward Jones to go to New York to conquer new peaks. And already shortly, young Dow settles the journalist in "The Wall-Street Journal" — one of the largest and most influential American editions.
Where every day its robots, it even more often should face subtleties of exchange trade, to realize the reasons of investigative communication and trade methods, to learn secrets of financial analytics. And as a result, it makes the important decision which changed further all his life, having brought Dow an international recognition and respect. Opening of own business, together with the faithful companion Johnson becomes this decision. This event, became a revolution sign at the American stock exchange.
And here already в1883 to year there is the first bulletin "Customer's Afternoon Letter" where the table with the change in price for actions in a day is shined. Certainly, of such information could dream only earlier, that as, generally similar analytics became in broker companies and certainly was closed for an external environment. The wide mass of players not only got to it access, but also could count on a certain regularity of obtaining similar information. Information was got in all possible ways – by interception, "rubbing in in trust" to known traders for that time that was very not simple. After a while obvious benefit of such information, both for participants of the market, and for investors and owners of the companies became clear to all that further, led to a powerful push in development of the young company. In the reviews, Dou Jones's company provided the reader simple and clear regularities of movement of stock markets, described psychology of behavior of investors, slightly opened a curtain which allowed to shed light on that party of the exchange. Thus, it was clear that similar public statements about price changes on securities markets, allowed to stimulate favourably to the largest the companies and corporations. And already after a while, the ordinary-looking bulletin turned into "The Wall-Street Journal".
But also it it appeared not enough for the ingenious journalist. At some point he accurately realized that wants and can be something more significant, and the desire to develop pushed its ambitions on the following step to world top of glory, and led to creation of a uniform index of stock market.
The idea of the Dow Jones index was in giving of each action of equal weight and calculation of the percentage change in price that in turn resulted courses in average value. Thus traders, had an opportunity to define a certain general direction of movement of the market.
The Dow Jones index included actions of the largest American companies. After formation in their index was no more than 12, now it is actions of 30 largest companies of America. These companies are included in all industries, except the transport. Selection of the companies for an index was carried out by exclusively Charles Dow, and then selection was done by editors-in-chief and analysts of The Wall-Street Journal.
Charles Dow managed to reveal to the world secrets and secrets of stock exchanges. It showed a way to success of each trader, it gave a new impulse in development of the perspective companies. He was not simply ingenious journalist and the founder of the company, he was the person who was able to look forward, and to see it such as it looks today.
Charles Dow died in Brooklyn on December 4, 1902.
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