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Sounds like the Ford story: The fable about Henry Ford has rarely been as apposite as now. During an American recession, the shoeshine boy on the sidewalk gave
by atwebb 6y ago
Sounds like the Ford story:
The fable about Henry Ford has rarely been as apposite as now. During an American recession, the shoeshine boy on the sidewalk gave Ford some tips on the stock market. Ford's response: "When the shoeshine boy is telling you what to buy, it's time to sell!"
For what it's worth the first hit I got searching for it was from January 2008...
- tkgally 6y agoYes, the shoeshine boy! That was the story I read. Probably it was in 2008, too. Thanks for the clarification.
- mtalantikite 6y agoI’ve also heard it attributed to Joe Kennedy, who supposedly went on to short the market as the Great Depression was about to hit.
- cafard 6y agoThe version I heard had Joseph Kennedy.