设万维读者为首页 万维读者网 -- 全球华人的精神家园 广告服务 联系我们 关于万维
 
首  页 新  闻 视  频 博  客 论  坛 分类广告 购  物
搜索>> 发表日志 控制面板 个人相册 给我留言
帮助 退出
     
  renqiulan的博客
  纫秋兰以为佩
网络日志正文
Charlie Chaplin Beat Wall Street In 1929 2024-04-21 16:15:11

(Sunday Book Club)


s-l400.jpg


My Input:


In his autobiography, Charlie Chaplin stands out as a tramp-turned-investor astute enough not to follow the Wall Street herd into the financial slaughterhouse of the 1929 stock market. This legendary comedian had the last laugh.

A self-made man, Chaplin embarked on a lifelong journey of acquiring investment knowledge and wisdom.

What impressed Chaplin most was Major C.H. Douglas's book "Social Credit" (1924), which argued that economic booms or busts hinged on unemployment rates. Simply put, capital derived from wages. As a consequence, more capital would be gained with higher wages earned, and more capital would be depleted with more wages lost.

In 1928, despite Wall Street's optimism, 14 million Americans were unemployed. Promptly, Chaplin liquidated all his stocks and bonds for cash and fluid capital. Those who mocked him found themselves in despair or worse on Black Tuesday, October 29, 1929.


Author: renqiulan


 


浏览(360) (2) 评论(0)
发表评论
我的名片
renqiulan
注册日期: 2022-11-08
访问总量: 623,589 次
点击查看我的个人资料
Calendar
我的公告栏
Have a great summer!
最新发布
· Books That Love To Be Burned
· 【七绝】 飞飞
· Leave Philosophy To The Drunks
· Atom: Everything & Almost
· Digital Medicine: VirtualOrgan
· A Nuclear Threat From Iran?
· Movie Review: The Blue Angels
分类目录
【American Stories】
· Leave Philosophy To The Drunks
· Blacks & Whites In The Jaz
· A Sidewalk Poet
· Gaza
· The Star of David
· Hong Kong On The Hudson
· Golden Arches
· ER
· Her Majesty
· Wet
【Book Club】
· Books That Love To Be Burned
· Make The Deep State Great Agai
· The Six Future Scenarios of Ru
· Nature Cannot Be Fooled
· Presidential Immunity For Trum
· Charlie Chaplin Beat Wall Stre
· Hong Kong: Borrowed Place, Bor
· President Kennedy Took Mao Ser
· A Nation of Dissidents
· Can The Bond Market Predict A
【Science】
· Atom: Everything & Almost
· Digital Medicine: VirtualOrgan
· My Quantum Telescope: A Tale
· The Brain Speaks
· We Fear, Therefore We Are
· Ancient & Modern Cancer Treatm
· The Universal Truth of Light
· AI Fine-tunes Gene Editing
· The Universe Began With A Big
· What is Modern Medicine?
【Geopolitics/History】
· A Nuclear Threat From Iran?
· George Washington: A Spymaster
· The First CIA Tweet
· The War We All Expect
· Naval Power: USA vs PRC
· Mapping Geopolitics
【Movie Review】
· Movie Review: The Blue Angels
· Movie Review: Kingdom Of...The
· Movie Review: The Fall Guy
· Movie Review: Ungentlemanly Wa
· Movie Review: Abigail
· Movie Review: Civil War
【天涯歌行】
· 【七绝】 飞飞
· 【七绝】弹词人语
· 【七绝】金陵古渡
· 【七绝】雨花台
· 【五绝】风浪敢歌吟
· 【七绝】夜秦淮
· 《行香子》京华丽人
· 【七绝】春味
· 【五绝】冬夜
· 【七律】倒秦梦我翻身笑,背赵闻
【Scribbles】
· A Solar Eclipse In Two Verses
· Beijing, April 1st
【Current Affairs】
· The Trump Trial: A Porn Star W
· China Faces Both Deflation & I
· The Specter of Isolationism
· President Biden Is Saving Hama
· Dictators' Demographic Wa
· Ukraine Hits Putin Where It Hu
· The Golden Rule of Democracy
· Class Struggle In America?
· China's Three-Body Proble
· Rewriting History: PRC & USA
【Others】
存档目录
2024-05-01 - 2024-05-26
2024-04-01 - 2024-04-30
2024-03-01 - 2024-03-31
2024-02-01 - 2024-02-29
2024-01-01 - 2024-01-31
2023-12-01 - 2023-12-31
2023-11-01 - 2023-11-30
2023-10-19 - 2023-10-31
 
关于本站 | 广告服务 | 联系我们 | 招聘信息 | 网站导航 | 隐私保护
Copyright (C) 1998-2024. CyberMedia Network /Creaders.NET. All Rights Reserved.