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The Dark Success of Joe Kennedy
Joe Kennedy's success stemmed from buying a dying studio and reorganizing it to produce profitable B-movies. He made significant profits not just from the movies, but also from demanding pay and stock options, and manipulating stock prices, although many of his tactics would be considered illegal today. By foreseeing the 1929 crash, selling off his assets, and shorting the US economy, he made a fortune, becoming one of the richest men in the country after Black Tuesday. The Kennedy fortune was built on Joe's effective bets on the Great Depression, a darkly poetic success story in financial manipulation.