During the time of the Great Depression, a banker convinced struggling families in Quincy, Florida to buy Coca-Cola shares which traded at $19. Later, the town became the single richest town per capita in the US with at least 67 millionaires.
Over the last 12 months an investment portfolio selected by throwing darts at stock tables outperformed a portfolio of stocks recommended by high-profile hedge fund managers by 27%.
A banker who convinced local residents to buy Coca Cola Stock during the Depression resulted in a the richest town in America with more millionaires per capita. A single share bought at $19 would be worth $10 Million in 2013.
On December 10, 1987, a squirrel chewed through power lines and shut down the Nasdaq for 82 minutes, preventing the trading of approximately 20 million shares.
A computer tech forgot to install some new code in a server. This resulted in a high speed stock trading company that did $21 billion in daily trades to go bankrupt in 45 minutes.
The stock price of Apple Inc. fell significantly in October 2008 after a hoax story was submitted to CNN’s user-generated news site iReport.com claiming that company CEO Steve Jobs had suffered a major heart attack. The source of the story was traced back to 4chan.
There are people who believe our birth certificates are actually bonds for money deposited in our names at birth, and these bonds are traded like stocks on the NYSE.
Orlando, a ginger cat, competed and won against stock-picking professionals at the stock market. The cat picked at random, while the professionals used traditional stock-picking methods. At the end of the year, the cat had £542.60 profit, compared to the professionals’ £176.60 profit.
After a Federal Reserve interest rate decision in 2013, trades were registered in the Chicago stock market within 2 milliseconds of the announcement. These trades were later found to be insider trading, as this information would take 7 milliseconds to reach Chicago at the speed of light.
In 1994, former Guns N Roses bassist Duff McKagan decided to invest $100k in local Seattle companies, including an expanding chain of coffee shops, a software company and an online book seller – Starbucks, Microsoft and Amazon.
50 Cent told fans to invest in a stock and he profited 8.7 million because of their investments.