I understand that the stock market collapsed by 90% in the 1930's, and it took until the 1950's for the DOW to rise to the pre-crash level.
Were there any investors who held cash into the crash, bought in at the bottom, and increased their investment by 1000% over that period?
Just wondering. What were their attitudes at the times - did they see the crash coming?
Full Version: Did Anyone Make Their Fortune In The Great Depression?
QUOTE (neil9327 @ Apr 8 2008, 12:12 AM) 
I understand that the stock market collapsed by 90% in the 1930's, and it took until the 1950's for the DOW to rise to the pre-crash level.
Were there any investors who held cash into the crash, bought in at the bottom, and increased their investment by 1000% over that period?
Just wondering. What were their attitudes at the times - did they see the crash coming?
Were there any investors who held cash into the crash, bought in at the bottom, and increased their investment by 1000% over that period?
Just wondering. What were their attitudes at the times - did they see the crash coming?
Joe Kennedy (father of JFK and RFK) famously sold all his holdings before the crash and bought them back at a much reduced price.
Is that the kind of thing you mean?
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