Great Depression? Been there done that! - Aussie Stock Forums

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  1. #1

    Join Date
    Oct 2008
    Northern Rivers

    Default Great Depression? Been there done that!

    Thought this article from the WSJ was interesting


    Like a lot of us, Kahn has seen good times and bad, bull markets and bear markets, recessions and recoveries. But he's also seen something most of us haven't: the Great Depression. Kahn, who still shows up at work every day and puts in a good six hours, worked as a stock analyst and brokerage clerk on Wall Street in the 1930s. He's 103 years old
    "Investors have no reason to feel bearish," he says. "True value investors are glad the markets are down."
    Back then, Schloss says, a dividend was the primary reason "regular" folks invested in the stock market.

  2. #2

    Default Re: Great Depression ? Been there done that

    Read the whole story, thanks Trevor.

    Very enlightening too, and educational....

    I think the moral of the story is to be patient, and don't hold too much debt.
    The simple things in life are free!

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