POPA ReconIt was late summer 1929. Joe Kennedy, President John F. Kennedy's father and a famous Wall Street investor, went to shine his shoes one…
It was late summer 1929. Joe Kennedy, President John F. Kennedy's father and a famous Wall Street investor, went to shine his shoes one day. But the shoeshine boy was giving him advice about stock investment. After hearing this, Kennedy decided that the stock market's rise was coming to an end, as everyone was jumping into stocks, even the shoe shine boy, and he sold all the stocks he owned. Soon after, the Great Depression (Black Thursday, Black Monday and Black Tuesday) broke out in the United States in October 1929, and he was able to avoid a major crash.
The excerpt is quoted from a public Telegram channel, which owns its text.