Roger Ward Babson (July 6, 1875 – March 5, 1967) was an American entrepreneur, economist, and business theorist in the first half of the 20th century.
Roger attended Massachusetts Institute of Technology and worked for investment firms before founding Babson's Statistical Organization (1904), which analyzed stocks and business reports; it continues today as Babson-United, Inc.[1] Babson's success as an investor was based on unorthodox views of the operation of markets.
According to his biographer John Mulkern, Babson attributed the business cycle "to Sir Isaac Newton's law of action and reaction... (with a) pseudoscientific notion that gravity can be used to explain movement in the stock markets."
His market forecasting techniques are expounded in articles in Traders World Magazine and the Gravity Research Foundation he founded.
Speaking at a time when expectations of a continuing boom economy were high, Babson's prescient advice was "wise are those investors who now get out of debt and reef their sails.
At the time, it was much easier to amass a large collection of scientific writing as book collectors valued them much less than in later years.
Following some financial success, Grace was able to pursue her collection even further, later amounting to over 1,000 editions of Newton materials, being the largest source in the United States.
[13] Grace also saved the parlor of Newton's last residence before its demolition and created a replica in Babson Park.
To provide charitable assistance to unemployed stonecutters in Gloucester during the Great Depression, Babson commissioned them to carve inspirational inscriptions on approximately two dozen boulders in the area surrounding Dogtown Common.