Art Cashin, a name synonymous with the New York Stock Exchange and beloved in the finance community, recently left us. As the director of floor operations at UBS, his contributions extended beyond market dealings; he was a storyteller, a poet, and a mentor to many. The legacy he crafted during his lifetime was rich with humor and keen observations on the world, elegantly captured in his annual New Year’s poem. In 2024, his sons, Arthur and Peter Cashin, chose to pay homage to their father through verse, an act that underscores not only their grief but also the profound impact Art had on those around him.
For decades, Cashin had embarked on the ritual of composing a poem each New Year, seamlessly weaving commentary on financial markets alongside reflections on current events, cultural happenings, and personal anecdotes. The poems not only served as a recap of the year’s highs and lows but also as a testament to Cashin’s wit and wisdom. This year, with his absence felt profoundly, his sons decided to continue the tradition—a brave endeavor given the immense shadow cast by their father’s literary prowess. They made it clear that no artificial intelligence would be allowed in this homage; they wanted their words to stem from their hearts, much like their father’s.
This year’s poem lamented the void left in the world of finance and beyond, marking a year filled with uncertainty. Their verses portrayed a Wall Street gripped by fear and a nod to cultural events, like the Paris 2024 Olympics, that symbolized the fragility of peace amid global tensions. With references to pivotal political figures, such as the ongoing struggles in Ukraine and the absence of certain leaders, Cashin’s sons captured the zeitgeist with poignant precision.
As their verses unfolded, the trove of losses that marked the year became clear. The Cashin brothers thoughtfully chronicled the passing of cultural icons and financial titans alike. With the poignant mention of Jim Simons and Bernie Marcus, they offered a glimpse into the ever-evolving landscape of finance and entertainment, illustrating how the departure of these titans reshapes our understanding of their legacies. The mention of the beloved voice of Mufasa and Darth Vader highlights how the arts, too, are in a state of mourning—an emotional elegy for a generation that found comfort in these characters.
Their poetic tribute also expanded beyond the surface, touching on touches of humor and nostalgia. Stories of entertainers, sports legends, and family anecdotes weaved through their lines, reminding readers that the passage of time is filled with both sorrow and joy. The Cashin brothers connected these experiences to their father’s personality—Art was a historic figure who relished sharing a drink and discussing the intricacies of both markets and life. In doing this, they maintained a connection to their father while also encouraging the readers to cherish their own bonds.
Through challenges and heartbreak, the brothers pointed to resilience as a vital theme. The year may have delivered its share of sorrow, but it was also a guidepost reminding us to treasure those still with us. This message resonated deeply as they offered closing thoughts on cherishing relationships—a universal truth in times of loss. Their words reminded readers to hold fast to their loved ones, regardless of the uncertainties looming ahead.
With a playful nod to traditions, the poem concluded with celebratory wishes, melding various cultural references to emphasize the rich tapestry of society. The Cashins left us with optimistic reflections, urging all to embrace the New Year with joy and abundance while remembering the precious memories of those who have passed.
As the legacy of Art Cashin continues to reverberate through the walls of the New York Stock Exchange and beyond, his sons’ tribute stands as a reminder of the healing power of words. The heartfelt new verses encapsulated a blend of nostalgia, humor, loss, and hope—a fitting continuation of a rich family tradition. With his spirit lighting their path, the Cashin legacy remains a beacon for all who knew him, reinforcing the importance of storytelling in preserving memory and celebrating life.