Notes From John Dennis Brown's 101 Years On Wall Street [1929-1937]

Notes From John Dennis Brown's 101 Years On Wall Street from 1929 to 1937 by Redfield, Blonsky & Co.

The following are some notes I took as I reread a few chapters from 1929-1937 '101 Years on Wall Street' by John Dennis Brown

1929

1. Autumn collapse cost DOW more than 49%.

2. "Halting the panic was like trying to catch a cannonball."

3. "Hundreds of funds were promoted, many of them highly leveraged." "The professional management would be the last great sales cliché of the 1920s."

4. "Banks a cozy part of the pools." "National City was valued at over 100X earnings, and ratios of 50X were common for money center banks."

5. Despite the shattering 1929 losses, the decade finished up...