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The Book Club 📚

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D J

3 years ago

shared a media post in group #The Book Club 📚

Feels like a good time to reread this classic - For the unfamiliar, its a famous investment book that explains how monetary policy can lead to financial disaster. opening lines - “Between 1929 and 1939, millions of Americans lost billions of dollars in savings and investments. The stories have been told and retold so many times that we tire of hearing them. But forgotten are the thousands of Americans who made their fortunes during the same period of time. These are the people who “sold short” during 1929. They are the ones who removed their cash from the banks before they closed, and then used their cash to buy businesses and homes when prices were at rock bottom and on one else had any cash.”
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