CHILDHOOD OF THE STOCK MAN

DAYS OF RAIN AND SUN

Before you publish more articles on current events in financial markets and the opportunities I've decided to tell you a small piece of the life of "Andre Kostolany", considered the best war profiteer of all-time. In the future I'll be defragmenting parts of his life so that w

e can learn the most infallible decisions and disasters that can occur, making the most of the decisions. In life everything is a decision and I have always thought that it improves more before a failure than with several successes. well here we go...

Andre and his family used to go to a very elegant resort located between the Bohemian forests every summer. It was the summer of 1914, a carefree happiness that used to precede major disasters they breathed in Marienbad. Although his family did not know it... Approaching the end of the monarchy austro-hungarian.

In that atmosphere so relaxing there were a revolver shots that fe

ll like lightning in the middle of a cloudless sky. Suddenly he... Began to smell gunpowder.

Guests of the Spa left as quickly as they could and hid throughout the nation. Kostolany parents decided to stay to finish your treatment with thermal water (go eggs would stay you the father). In the avenues and tours of the spa was heard the latest from news of Paris, Berlin and St. Petersburg.

However, the bag was still in operation and investors to pounced on newspapers Vienna or budapest to follow the new changes that occurred under such circumstances. a speculative fever was imposed. This wave many rich (those who speculated with goods) and many people occurred in the ruin (which is decided by values and actions).

The elder brother of Kostolany (Emmerich), who was then a young employee at a major bank, was also dragged by that fever and, in the company of some friends, speculated with raffia. This stuff is a sort of hemp which is used to tie the vines of the vineyards (and so hell speculating on something that is not a war situation). At the beginning everything seemed to go well. but when quarterback hindenburg defeated the Russians at tannenberg, East Prussia, all stock changes they suffered a rapid decline. Emmerich lost all his money and, in case outside little, was in debt with the Bank (investing your money, not what is not yours).

Due to the unpleasant situation your brother began to murmur the word "suicide". Quickly his father felt obliged to pay off their debts to avoid the tragedy that hovered by his son's head. Since then, the word raffia has not returned to be mentioned in your family.

Nothing else liquidate the unfortunate speculation,

events in the front and in the bag began to undergo a new change. The French won the battle of the marne, and again it was thought that the war would be long. the bast fibre began to climb, but unfortunately it was too late for his family. Which shows that in the bag things can occur at the beginning of differently to how thought and only then they straighten and happen as I had hoped. When, despite everything, makes money in the stock market, is like the wages of pain; first comes the suffering, then the money.

The dreamy landscape of marienbad, with his music, his walks and their international clients has disappeared long ago, the same can be said of the budapest stock exchange. Unfortunately it has also gone family kostolany and even he, with his death in 1999. If we compare the gigantic speculations that are performed today, the raffia was something really microscopic. The amount lost Emmerich and who was about to cause a tragedy, was not higher of what is spent today one of the great magnates of  Wall street on a night out with friends.