Web14 sep. 2024 · Shoeshine Boys and Dockhands, Market Tops and Precious Metals. Precious metals expert Michael Ballanger discusses the correlation between stock tips and market bubbles. There is a great story surrounding the late Joe Kennedy, father of former U.S. president John F. Kennedy, and a Wall Street robber baron of the highest order. Web18 jun. 2024 · A lot of seasoned investors know of the story of the shoeshine boy... Legend has it that... The story took place in 1929 : Joseph Patrick "Joe" Kennedy, Sr. JFK's father, claimed that he knew it was time to get out of the stock market when he got investment tips from a shoeshine boy.
Did You Forget About the Shoeshine Boy? - Outsider Club
Web26 jan. 2024 · As the story goes, one day in 1929, Joe Kennedy is getting his shoes shined. The boy began to give stock tips as he polished Kennedy's oxfords. In that moment, it … Web11 mrt. 2024 · Joseph Kennedy, the father of President John F. Kennedy, claimed that he knew when the financial markets were near the end of the bull market, and it was time to … fisher grandma bear wood stove
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Web28 sep. 2014 · It is said that Joe Kennedy got out of the stock market in 1929 because he started to hear stock tips from his shoeshine boy. Bernard Baruch had similar feelings: When beggars and shoeshine boys, barbers and beauticians can tell you how to get rich it is time to remind yourself that there is no more dangerous illusion than the belief that one … WebOnce upon a time, Joe Kennedy stumbled upon an unlikely source of investment advice when a shoeshine boy gave him a hot tip. Acting … Web(FORTUNE Magazine) – JOE KENNEDY, a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured … fisher graphite fly rods