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Hi 2020, I think the Baron forgot to mention that he stayed in cash during the 1929-32 crash. Then bought Coal stocks at prices about 5% of their 1928 peaks in the UK. Sold out in the market after the British Labour Government nationalised them. They reduced the nationalised price before the bid was completed, but the crafty old Baron Rothschild had already sold and made his fortune.I guess he mean't that he sold in 1928 well below the 1929 peak.
Hi 2020, I think the Baron forgot to mention that he stayed in cash during the 1929-32 crash. Then bought Coal stocks at prices about 5% of their 1928 peaks in the UK. Sold out in the market after the British Labour Government nationalised them. They reduced the nationalised price before the bid was completed, but the crafty old Baron Rothschild had already sold and made his fortune.
I guess he mean't that he sold in 1928 well below the 1929 peak.
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