Buy on the way down, you would regret. He made a few million betting the right way in the World War I bull market of 1916 and claimed he’d made $3 million in 1925 shorting wheat. At times like this its necessary to go back to the eminent dead ( see previous […] Unlike most on this list, John Paulson didn’t combat the Great Depression, but rather the more modern economic downturns. This isn’t a drill or an academic exercise woven out of airy fabrics. The wealthy made large profits, but more and more Americans spent more … Beginning in 1929, the Great Depression resulted from a culmination of awful natural disasters as well as economic collapse, societal panic and the damage caused by repeated bank runs and the crash on Wall Street of October, 1929. than stock. You never know where is the bottom. The physical world is unlikely to be changed much by the Greater Depression, but the way people relate to the world will change a great deal. Many people are aware that the mob made a fortune in illegal alcohol due to Prohibition in the Roaring ’20s. Why the Depression is Happening. the price goes down another -2 real ate market is much slow paced. How does an investor protect themselves if we enter a serious deflation similar to the great depression. That was just a warm-up for the real fun during the 1929 crash, when he sold short and made more than $100 million — serious money even now and a monster jackpot then. Other recession-founded companies include GE (during the panic of 1873), Disney (in the recession of 1923-24), HP (in the Great Depression), and Microsoft (the recession of 1975). There is always money to be made.
108-year-old investor: 'I doubled my money in 1929 crash ... “During the Great Depression, ... but I can say that my son and I find very few instances of … Mention of the Great Depression readily conjures images of long lines with streets full of the skinny, unemployed masses. just like stock, always buy on the way up. But most aren’t aware of how they made their greatest profits during the Great Depression: They became loan sharks. Many successful money managers and businessman are in a great debate as to what the best investment stance is for the future. Although the 1920s appeared on the surface to be a prosperous time, income was unevenly distributed.
After that March evening, the stock market embarked on a 11-year-long rise. One of the rising mob bosses was “Lucky” Luciano in New York. Born in 1955 and founder of Paulson & Co. in 1994, he’s known to have made what is called one of the biggest fortunes in Wall Street history. People made fortunes during the great depression. What you’re looking at is the Greater Depression. The depression was caused by a number of serious weaknesses in the economy.