15 July 1995, International Herald Tribune, “Check Out The Index of Nightclubs” by Martin Baker: Second, the more I learned about the technology, I realized how much promise it had in bringing massive waves of change. 25 October 1987, San Jose (CA) Mercury News, “The Crash of ‘87: A Harvest of Optimistic Delusion” by Gary Blonston, pg. A Nation in Torment: As the saying goes, When your taxi driver starts giving you stock tips, you know it’s time to sell. They had no stock tips. The last stock he owned was Amgen, which he got scared out of after two stock splits, although what was scary about a stock split he never explained. google_ad_type = "text_image"; Even their agents who stand at the counter and handle the money had no stock tips. Just remember Joe Kennedy and consider if you are more like me or my barber. I mention the legend of Joe Kennedy and the shoeshine boy not to be a blanket dismissal of barbers. (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. My cook had a brokerage account and followed the ticker closely. Why Slow Investors Lose and Fast Money Wins! There’s an old Wall Street chestnut that when your barber tells you to buy equities, it’s time to get out of the ... Most likely, he only learned of cryptocurrency in the last few months and joined in the craziness very recently. Joseph Patrick “Joe” Kennedy, Sr. (September 6, 1888 – November 18, 1969) was a prominent American businessman and political figure, and the father of U.S. President John F. Kennedy and United States Senators Robert F. Kennedy and Ted Kennedy. Born to a political family in Boston, Massachusetts, Joseph Kennedy was educated at Boston Latin and Harvard University, and embarked on a career in finance, making a large fortune as a stock market and commodity speculator and by investing in real estate and a wide range of industries, as well as bootlegging. Otherwise, he's wary of stocks, but he did have a tip: Planet Hollywood, soon to be taken public. socks, not stocks," they told her. An old Wall Street saying has it that when everybody’s getting into the market and even the shoeshine boy is giving stock tips (or the barber/hairdresser or the taxi driver or the waiter or the bartender), then it’s time to sell. If you're thinking about jumping into the cryptocurrency game, be my guest. Joseph Kennedy, investor, regulator and father of President John Kennedy, once joked, “You know it’s time to sell stocks when the shoeshine boy tries to give you stock tips This Kennedy is the father of our 35th President; he's the patriarch of Camelot. My investment is not in trading and flipping assets. At this point we ask, Is it bad for equities when a cop who owns a stock he doesn't like recommends a stock he's afraid to buy? 14. 2004 By William J. Duncliffe Pg. google_ad_type = "text_image"; For a long time, the key indicator of investor giddiness was when invidiual investors piled into the market. 21 July 2002, Boston (MA) Globe, “Panic Selling Takes Hold as Investors Dumbstruck by Market Plunge” by Beth Healy: On the Key West pier, where vendors of all stripes assemble at sundown, stock tips were scarce. 3 June 2007, New York (NY) Post, “When the Jonese Aren’t Investing, Consider Getting In” by Terry Keenan: It's a great lesson--or at least a good rule of thumb--on recognizing monstrous levels of hype and instability.
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