Archives of “1920s” tag

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How Traders Used To Instant Message Each Other Back In 1922

  
Analysis, Education
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One of the cool things we learned while we were there was how traders communicated with each other back in the 1920s.  
They used this pneumatic tube system, which carried reports/stock order in capsules through a system of pipes. 
Let’s walk through how it works.
Here’s the pneumatic tubing station that dates from 1922. It was located on the 7th floor at the Stock Exchange Luncheon Club. 
Here’s the pneumatic tubing station that dates from 1922. It was located on the 7th floor at the Stock Exchange Luncheon Club.

pneumatic tubing

 

These capsules traveled through the pneumatic tube system carrying orders and reports of stock sales from the broker’s booth, to the trading post, and to the Ticker Department. (more…)

Presenting The 10 Most Spectacular Financial Speculations Of The Past 300 Years

  
Analysis, Education
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Sometimes it seems like the investment community operates on the assumption that the world started in 1929 – or at least that the financial booms, busts and speculators preceding the 1920s are irrelevant to the modern investor. We think this is misguided. Just consider that this common worldview ignores an age where speculators lived in sprawling mansions on Fifth Avenue (as opposed to apartments in the same place measuring about 1/100th the size)! We imagine that there’s a lot to learn from looking at the past 300 years as opposed to the past 80. With this in mind; here we present what we believe to be the best trades of all time.

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