A Pennsylvania native, Steve earned an AB in English and economics from Dartmouth College and an MBA from Dartmouths Amos Tuck School. After serving as a U.S. Navy officer for two years, he began his business career as an investment analyst at the Mellon Bank.
Steve was a writer and editor for Forbes magazine in the 1960's and 70's. He wrote thousands of articles on all aspects of business and finance. His specialty was critiquing publicly traded companies and their managements.
He started Forbes first editorial bureau in 1967 in Los Angeles, oversaw the expansion its worldwide bureau network until 1977 and frequently served as the magazines interim Managing Editor.
In 1977 Steve became Managing Editor of Institutional Investor, a new magazine for investment professionals that was undergoing rapid expansion, including the launch of its international edition. In editing II's annual All America Research Team rankings, he began building USIR's network of security analyst contacts.
In 1980 he became Editor of Financial World, then the only magazine devoted exclusively to the needs of individual investors, tripling circulation. In 1984 he served as start-up Editor in Chief of New York CityBusiness, an award-winning local business tabloid subsequently acquired by Crains New York Business.
In 1985 Steve began publishing U.S. Investment Report, a tri-weekly market letter that provides stock recommendations and model portfolios to thousands of subscribers worldwide. USIRs model portfolios have consistently out-performed the market averages since they were begun in 1987. In 1990, he assumed full ownership of USIR which is based in New Hope, PA
Steve was portfolio manager and co-general partner of a private investment fund that replicated his newsletter portfolios from 1995 to 2002. Besides running his expanding newsletter operations, he writes articles and columns for other publications and frequently speaks at investment forums and academic institutions.