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Berkshire Hathaway Part I
Acquired
Black Tuesday vs Black Friday: Lessons from Market Crashes
The stock market crash on Black Tuesday resulted in a 90% loss of market value over the next three years, leading even the smart money to get wiped out. This event was described as carnage where everyone, including those who bought in thinking things were cheap, suffered losses. The crash instigated panic among people, which led to the severe market downturn.
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