Charlie Chaplin beat Wall Street in 1929

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In Charlie Chaplin's autobiography I found a tramp-turned investor who refused to follow the Wall Street herd into a financial slaughterhouse---the stock market of 1929. 

No wonder the legendary comedian had the last laugh. 

A self-made man, Chaplin was committed to a lifelong journey of acquiring investment knowledge and wisdom.

What had impressed Chaplin most was the book "Social Credit" (1924) by Major C.H. Douglas whose thesis was that boom or bust depended on the unemployment rates. How so? Well, in the final analysis, capital came out of wages. In other words, more capital would be gained when more wages were earned, and more capital would be depleted when more wages were lost.

To be employed or not to be employed, that's the question.

In 1928 there were 14 million Americans out of work despite an abundant supply of good news from Wall Street. Promptly Chaplin sold all his stocks and bonds for cash and fluid capital. Those who laughed at him ended up in tears or worse on Black Tuesday, October 29, 1929.


Author: renqiulan

 

 

 

 

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• Charlie Chaplin was a successful investor in 花兒街！ -盈盈一笑間- ♀ 給 盈盈一笑間 發送悄悄話 盈盈一笑間 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:07:29

• It's a bit of a surprise to know it for the first time -盈盈一笑間- ♀ 給 盈盈一笑間 發送悄悄話 盈盈一笑間 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:08:47

• Thanks for sharing 秋蘭。 good night. -盈盈一笑間- ♀ 給 盈盈一笑間 發送悄悄話 盈盈一笑間 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:09:55

• It's very nice of renqiulan. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:46:10

• You are welcome, 盈盈 ! -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:06:29

• Me too. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:45:16

• He was under the radar when it came to his investment. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:05:37

• Hi, 盈盈! I like 花兒街. Thank you and goodnight! -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:10:49

• 花兒街, 華爾街，哈哈哈！ -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:47:49

• 也簡稱花街，或者牆街。LOL -盈盈一笑間- ♀ 給 盈盈一笑間 發送悄悄話 盈盈一笑間 的博客首頁 (0 bytes) () 02/05/2024 postreply 12:17:56

• ：）） -盈盈一笑間- ♀ 給 盈盈一笑間 發送悄悄話 盈盈一笑間 的博客首頁 (0 bytes) () 02/05/2024 postreply 08:41:26

• Indeed he was. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:44:50

• Chaplin was not blind to the writing on the wall. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:04:02

• Charlie Chaplin, a tramp-turned investor, a self-made man, -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:21:19

• the legendary comedian had the last laugh. Very impressive! -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:22:01

• Pretty cool. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:48:47

• He was a very brainy comedian. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:49:44

• Yes, he was. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:11:04

• Hi, 小西！Thank you for chiming in! -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:27:19

• Hi, 秋蘭，thank you for sharing! -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:30:55

• Yes, let's have "an interflow of ideas." -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:51:07

• +100 -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:48:15

• Yes, it's a rags-to-riches story. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:08:14

• He had been a real-life tramp. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:09:43

• I believer our【Poem Reading Tuesday】will never be -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:25:37

• 【Black Tuesday, October 29, 1929】, Hahaha! -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:26:02

• 秋蘭好文，謝謝分享！See you Tuesday :) -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:27:31

• 謝謝！ -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:01:36

• Poetry Day. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:52:40

• Poetry Day will go on, come what may. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 23:13:42

• Tuesdays are blessed, thanks to you. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:30:54

• Thank you for the blessings! -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:33:20

• Poetry is now everyone's date because of you. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:37:47

• 秋蘭過獎了，it's due to everyone's love for poetry :) -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:40:39

• Poetry is a magnet to us. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:55:09

• You have earned it. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:13:40

• No doubt. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:16:35

• May your wish come true. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:56:31

• 小西, you're running a dating platform for poetry. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:42:10

• Hahaha, I'm employed by poetry?! My pleasure :) -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:44:12

• Muses have you as their matchmaker. I'm proud of you! -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:54:06

• Thank you for your kind words and encouragement. -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:58:49

• Your contribution made a difference. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:07:51

• Poetry is like a flower that needs pollinators. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:16:08

• Nicely put. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:53:20

• It makes sense to me. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:54:02

• +100 -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:55:39

• Good Tuesdays. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:13:15

• Don't worry about it, 小西。 -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:52:02

• I was just kidding :) -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/05/2024 postreply 08:24:23

• So, the good news from Wall Street in 1928 seemed to be -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:37:36

• fake news? -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:38:10

• False hope, I would say. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:39:58

• Yeah, you're right. Thanks. -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:42:19

• Like other MYSJ friends, I love your book reviews on Sundays -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:48:41

• 謝謝秋蘭，晚安！ -CBA7- ♀ 給 CBA7 發送悄悄話 CBA7 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:49:19

• 太感謝小西了，晚安！ -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 20:55:19

• These Sunday posts just carry my thoughts as a reader. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:12:21

• So we're reading your mind. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:59:08

• Please feel free to keep doing that. My mind is wide open. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:17:26

• Right. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:58:15

• It was a mirage, after all. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:03:35

• Probably a facade. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:59:52

• Yes. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:17:52

• In this case, no news was good news. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 21:57:43

• It depends. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:18:17

• I wonder what's the secret of Chaplin's success as a tramp -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (23 bytes) () 02/04/2024 postreply 22:27:40

• He was streetwise enough. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:30:03

• How did he charm his audience? -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:32:13

• He knew how to make his audience burst out laughing when the -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (63 bytes) () 02/04/2024 postreply 22:34:36

• But people were in tough times. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:39:15

• Charlie let them project their pains and hopes on him. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:45:02

• A good laugh is not a bad idea, I guess. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:47:38

• I couldn't have said it better myself. Thanks, 藍靈！ -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:51:32

• Haha! You're too humble to let praise go to your head. -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:54:28

• It's a delight to imagine I'm eating humble pie. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 22:57:01

• Your humility is beyond cure. Good night, renqiulan! -藍靈- ♀ 給 藍靈 發送悄悄話 藍靈 的博客首頁 (0 bytes) () 02/04/2024 postreply 23:00:32

• I like your brutal honesty. Goodnight, 藍靈！ -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/04/2024 postreply 23:03:19

• Chaplin must he a very wise man to make the right decision! -暖冬cool夏- ♀ 給 暖冬cool夏 發送悄悄話 暖冬cool夏 的博客首頁 (0 bytes) () 02/06/2024 postreply 20:41:06

• Thank you, 暖冬！Yes, in all fairness, Chaplin was a -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/07/2024 postreply 08:27:47

• well-read investor with well-thought-out plans. -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/07/2024 postreply 08:29:42

• Thanks for sharing! -暖冬cool夏- ♀ 給 暖冬cool夏 發送悄悄話 暖冬cool夏 的博客首頁 (0 bytes) () 02/06/2024 postreply 20:41:42

• You're welcome! -renqiulan- ♂ 給 renqiulan 發送悄悄話 renqiulan 的博客首頁 (0 bytes) () 02/07/2024 postreply 08:30:09

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