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- Title
THE CLIMATE FOR INVESTMENT ADVICE IN THE EARLY 1920'S: CULTIVATING THE INDIVIDUAL INVESTOR.
- Authors
Janson, Kenneth R.; Thompson, Joel E.
- Abstract
The 1920s were a period of great enthusiasm for personal investing. Commentators championed the riches that could be easily won by playing the market. By 1930, most of the sure things had precipitously collapsed and a majority of the newly minted individual investor class had been severely bruised. In this study, we examine three investment guides that were published in 1920 and 1921. Their common theme of optimism was that investment success is accessible to everyone, even the smallest investor. Their common legacy was that sage advice, if not followed, is of little value.
- Subjects
INVESTMENTS; INVESTORS; STOCKS (Finance); STOCK Market Crash, 1929; STOCK exchanges
- Publication
Journal of Accounting & Finance Research, 2005, Vol 13, Issue 5, p121
- ISSN
1093-5770
- Publication type
Article