5/13/2023 0 Comments Business adventures bookInvestors panicked because they thought that by the time they knew what price their stocks really were at, it would be too late to sell them off before they lost value. On May 28th, there were a lot of trades and the office was running late in updating prices manually. In 1962, the stock market was going down for six months. Investors are guided more by their mood than facts. How much can a person miss in three days? If you’re a stock market investor who falls into a three-day coma on May 28, 1962, you might wake up to no noticeable change in your investments but also missed the chaos of the 1962 Flash Crash.Ī three-day turmoil in the stock market illustrates how strange Wall Street bankers can be. Big Idea #1: As the 1962 Flash Crash showed, investors are irrational and the stock market is unpredictable. You’ll also learn why shareholder meetings of large corporations are usually a waste of time and what happened when one CEO misinterpreted another’s wink. In this article, you’ll find twelve interesting case studies that will teach you how Wall Street almost killed off Piggly Wiggly grocery stores. These events led to things like the end of insider trading and workers’ rights. He learned about the launch of the world’s ugliest car, a wink from an executive at General Electric, and more in this book. 1-Page Summary of Business Adventures OverviewĪfter reading this, you will know why Bill Gates claimed that Business Adventures was his favorite book.
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