The lessons of the fall of WALL STREET

The lessons of the fall of WALL STREET: During the fall of Wall street of 1929, several people lost their money and properties. Many corporations were declared bankrupt. Some committed suicide because they felt that their loss was monumental and irreparable. But in all this chaos and confusion, one young man remained unperturbed. He was a young Jewish immigrant who had come to America several years before. He had worked hard for years as a labourer and had every penny saved. He was excited when he heard about the crash of Wall Street. He left Charleston to New York and headed straight for Wall street. He bought stocks like a crazy man. He bought up companies and corporations that had gone bankrupt. He saw opportunity where others saw failure. He saw GOLD in the fall of Wall Street. This visionary young man became a millionaire from these same stocks that had appreciated. He later became one of America's wealthiest men.