Throwback Tuesday - Martin Wiles

Where The Confidence Lies

Hundreds of thousands invested in it, but overconfidence blinded them to the danger crouching just ahead.

Revolutionary philosophies and economic prosperity characterized the “Roaring Twenties.” But all was not well. Wealth and excess ran rampant, and many assumed the “bull market” was immortal. Wall Street mogul John J. Raskob-in his article “Everybody Ought to Be Rich,” proposed anyone could be worth $80,000 by investing $15 a week in the stock market. After all, it had enjoyed a nine year run of good fortune. Read more...

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