William Peter Hamilton (January 20, 1867 – December 9, 1929), a proponent of Dow Theory, was the fourth editor of the Wall Street Journal, serving in that capacity for more than 20 years (i.e., January 1, 1908 – December 9, 1929). "Some people think and others do. Dow thought and created an index and pondered it. Hamilton [by contrast,] put it to practice as a workhorse. He was the first serious practitioner of [both] the art of forecasting future stock action based on precise prior action [and the] forecasting of the economy based on the market."