Kiet Huynh

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At the time, an older broker gave Levy some advice: “You know something, kid,” the veteran said, “you ought to buy something you really like, because when this is over, you’re not going to have anything.” Levy bought himself a Mercedes 190 SL, only slightly used, with an extra top, for $6,100. “I took his advice,” Levy, who went on to form a private money management firm, remembered years later, “and he was quite right.” In May of 1962—on a day that would go down in Wall Street history as Blue Monday—the Dow dropped 34.9 points, its largest one-day drop since 1929. “When it was all over, I had ...more
Bull!: A History of the Boom and Bust, 1982–2004
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