A Short History of Stock Brokerage Firms - Analyzing Alpha
A Short History of Stock Brokerage Firms - Analyzing Alpha
Nov 30, 2021
analyzingalpha.com
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1. Brokerage records from 1929-1945 documented 30,000 investors through the Great Depression. Investment wisdom says never sell in panic—hold long-term, ride it out, markets recover. Account records revealed brutal opposite. Investors who panic-sold everything October 1929? Bought real estate at bottom, became millionaires by 1945.
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