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Peter Tuchman

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Peter Tuchman
Peter Tuchman on floor of NYSE in 2021
Born
Peter Michael Tuchman

1957 (age 66–67) [1]
New York City
NationalityAmerican
EducationUniversity of Massachusetts
OccupationStock Broker
Known forHis picture
SpouseLise Zumwalt Tuchman
ChildrenBenjamin Tuchman
Lucy Tuchman
Parent(s)Shoshana Itzkovich
Marcel Tuchman
RelativesJeffrey Tuchman

Peter Michael Tuchman (born 1957) is a stock trader on the floor of the New York Stock Exchange (NYSE). He is known to be as "Einstein of Wall Street" due to his hairstyle, and has been called the "most photographed trader on Wall Street," typically featured in reaction shots to particularly volatile trading days.[2][3]

Early life

[edit]

Tuchman grew up on the Upper West Side of New York City with his older brother Jeffrey Tuchman. He was born in 1957 to a Jewish family.[4] His mother, Shoshana Itzkovich, was born in Hungary. His father, Marcel Tuchman (1921-2017), was born in Poland.[5] Tuchman's parents met in a displaced persons camp after World War II. They immigrated to the United States in 1949.

Tuchman's father was a doctor who practiced medicine from 1950 until 2017.[6] After the war, he and thirty survivors applied to Heidelberg University medical school. He was part of the first group of Jewish students allowed into a German medical school in post-Nazi Germany. He stayed in Germany until 1949 to finish his degree then moved to the United States for residency and an internship at Bellevue Hospital.[7]

Education and professional career

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Tuchman graduated from the University of Massachusetts where he studied economics and agriculture.

Through a patient of his father's who ran a brokerage, Tuchman got a summer job starting on May 23, 1985, as a teletypist on the floor of the NYSE. He has been on the floor of the NYSE ever since.[8] In 2011, Tuchman joined Quattro Securities.[9]

Tuchman's largest trade was 10 million shares. He says that on any given day, he may trade a couple of hundred million dollars of stock.[8]

Tuchman is not a fan of electronic trading. He told BuzzFeed News that "we did not become more productive, there is nothing productive about the new technology, in my opinion. There was a lot more communication, transparency, a lot more volume back then."[10]

Recognition

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Tuchman's photo is widely recognized for its affiliation to market news. Tuchman has strong, emotional expressions of anguish, anticipation, desperation, and triumph which he says are genuine. His photo is often chosen for news about Wall Street particularly on days of market volatility. Some say that he resembles Albert Einstein and that this is what makes his photo intriguing.[11][12]

Tuchman has been called:

  • "Most photographed trader on Wall Street"[10][13]
  • "Most famous stock trader on Wall Street"[14]
  • "NYSE's most iconic stockbroker"[15]
  • "The most photographed person at the NYSE"[16]
  • "Wall Street's most photographed broker"[17]
  • "Most recognizable broker on the floor of the New York Stock Exchange"[18]

Personal life

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Tuchman was married to Lise Zumwalt Tuchman, a filmmaker and producer, until her passing in 2023.[19][20][21] Together, they had two children, Benjamin and Lucy.[22]

His brother, Jeffrey Tuchman, was an award-winning documentary filmmaker.[22] When his brother died in 2017 at the age of 62, he was working on a documentary Testimony about their father's testimony at a war-crimes trial.[7][23]

Although he has been in the stock market business for 34 years, Tuchman says he has never owned stock and if he had to worry about his own profit and loss, he would not be able to concentrate on his customers' well-being.[8]

In March 2020, Tuchman contracted the novel coronavirus. Earlier, two people on the New York Stock Exchange tested positive for the virus.[24]

References

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  1. ^ "Peter Tuchman: rollercoaster ride is written on Wall St's most famous face". the Guardian. December 27, 2018.
  2. ^ "'Most Photographed' NYSE Trader Contracts Coronavirus". The New York Times. Reuters. March 26, 2020. Retrieved March 27, 2020.
  3. ^ Rushe, Dominic (December 27, 2018). "Peter Tuchman: rollercoaster ride is written on Wall St's most famous face". The Guardian. ISSN 0261-3077. Retrieved October 5, 2023.
  4. ^ Thomas Heath (February 10, 2018). "Meet the one guy who's happy about the wild swings in the stock market". The Washington Post. Washington, D.C. ISSN 0190-8286. OCLC 1330888409.
  5. ^ Marble, Steve (September 8, 2017). "Jeffrey Tuchman, filmmaker who introduced Bill Clinton to America, dies at 62 - Los Angeles Times". Los Angeles Times. Retrieved November 11, 2018.
  6. ^ "Dr. Marcel Tuchman MD". U.S. News & World Report. Retrieved November 10, 2018.
  7. ^ a b Roberts, Sam (September 8, 2017). "Jeffrey Tuchman, 62, Dies; Directed Clinton 'Man From Hope' Film". The New York Times. Retrieved November 11, 2018.
  8. ^ a b c Heath, Thomas. "Meet the one guy who's happy about the wild swings in the stock market". The Washington Post. Retrieved June 1, 2018.
  9. ^ "Capitalize On It: Peter Tuchman". CNBC. Retrieved November 11, 2018.
  10. ^ a b "Meet The Most Photographed Trader On Wall Street". Buzzfeed.com. February 3, 2014. Retrieved June 1, 2018.
  11. ^ Fifield, Aaron. "Peter Tuchman Interview - Chat With Traders Podcast Episode 060". Investing Shortcuts. Retrieved June 1, 2018.
  12. ^ 4:31 AM, August 25, 2015, by Rick Boone (August 25, 2015). "The most photographed man on the New York Stock Exchange trading floor | WPIX 11 New York". Pix11.com. Retrieved June 1, 2018.{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  13. ^ "He might be the most photographed man on Wall Street - CNN Video". Cnn.com. August 25, 2015. Retrieved June 1, 2018.
  14. ^ "Who is the most famous stock trader on Wall Street?". Usatoday.com. Retrieved June 1, 2018.
  15. ^ Air 3:53AM. "Who is the most famous stock trader on Wall Street?". ksdk.com. Retrieved June 1, 2018.{{cite web}}: CS1 maint: numeric names: authors list (link)
  16. ^ Tuchman, Peter (October 8, 2014). "Wall Street's most photographed trader defends NYSE photos". MarketWatch. Retrieved June 1, 2018.
  17. ^ "Peter Tuchman: Wall Street's Most Photographed Broker". www.varchev.com. May 13, 2016. Retrieved November 11, 2018.
  18. ^ Alana Kakoyiannis (June 14, 2013). "60 Seconds With Peter Tuchman". Business Insider. Retrieved June 1, 2018.
  19. ^ Teicholz, Tom (September 5, 2017). "Jeffrey Tuchman, groundbreaking documentarian, dies at 62 — Jewish Journal". Jewish Journal. Retrieved November 11, 2018.
  20. ^ "Lise Zumwalt". IMDb. Retrieved November 11, 2018.
  21. ^ "Lise Zumwalt Witness Documentary Films". LinkedIn.
  22. ^ a b Evans, Greg (September 6, 2017). "Jeffrey Tuchman Dies: 'The Man From Hope' Director Was 62". Deadline. Retrieved November 11, 2018.
  23. ^ "Jeffrey Tuchman, Bill Clinton Documentarian, Dies at 62". The Hollywood Reporter. Retrieved November 11, 2018.
  24. ^ "Peter Tuchman tests positive with coronavirus". finance.yahoo.com.
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