Stephen Jennings Sanford ’28

Steve Sanford died in West Palm Beach, Fla., Mar. 21, 1997, after an illness following a stroke.

At Princeton he was a member of the Court Club. He began his career as an errand boy with a Wall Street brokerage firm, but later became a securities analyst and joined Paine Webber and Co. He married Alice Batchelder Davis in 1946. There is one son, Richard, and two stepsons with families.

The day after Pearl Harbor he enlisted in the Navy. His chief wartime remembrance is organizing the ship's baseball teams aboard the USS Atlanta and the battleship Wyoming.

After the war he returned to Wall Street, but warned by a heart attack in 1956 he moved to Florida. There he helped organize a Princeton Club of Palm Beach County and a Schools Committee. He was an amateur actor with the Delray Beach Playhouse. He was a member of the Palm Beach Post #12 of the American Legion, serving on the baseball committee.

Steve became famous in the investment world for his Motors Theory, first published in 1948, which stated that the price of General Motors stock is a bellwether of what the market in general will do. For years its proven accuracy guided Wall Street investors.

We shall miss Steve's enthusiasm and hard work for Princeton. We extend our heartfelt sympathy to his wife, Ali, and the family.

The Class of 1928