The Investor Who Made $100 Million During The Great Depression (2024)

And then lost it all…

The Great Depression was the most difficult stretch for stock investors. In a little under 3 years, the DOW went down almost 90% due in large part to excessive greed getting exposed. Prior to the Great Depression, investors were using margin to buy their shares and only putting 10% down which created a gigantic bubble.

When some people panicked, it created a frenzied panic as investors scrambled to pay off their margin. People stopped trusting Wall Street, businesses got shut down, and the economy was in shambles.

But some investors built their wealth during this era. Jesse Lauriston Livermore was one of those people. He wasn’t afraid to short stocks and leaned on technical analysis for his investing decisions.

Jesse’s returns from the Great Depression earned him the nickname The Great Bear Of Wall Street. Despite being born in a poor household, he amassed incredible wealth. His parents didn’t teach him about stocks, but he first got involved with them at 14 and started making trades at 15.

While it’s never too late to get started with stocks, the earlier the better. It’s a shame most students have to wait until college before they learn anything about the stock market. If you have a child, make investing part of…