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Inspired by the success, Kennedy decided to take control of the banks. And in the 25 years he was elected president of the Bank of Columbia Trust Company Bank. So Joseph became the youngest president of a bank in the United States. This story is told, and now, when they want to give an example of the successful growth of young talent. Silent only that the shareholders of the bank were only his father and his friends.
Soon, however, Joseph had to change their occupation. In 1917, when the First World War was raging, Joseph called on sluzhbu.Emu in-law came to help initiating its further karere.On gave it to the brokerage office Hauden, Stone and Co, promising that it will translate into all of its operations. The brokerage firm Joseph mastered quickly. Insider trading principles he knew firsthand. According to him, to make money in the stock market was so easy thing that he regretted that he did not take it immediately after leaving school.
In addition, Joseph used the insider trading and other forms of market manipulation. At that time it was unethical, but it is legal. For example, Joseph organized pools with multiple traders, who in collusion bought shares of a company by spreading rumors about her incredible success. As soon as the race joined the general public, the shares were sold. As a result, the participants shared pool of money, and investors counted unlucky losses. Joseph called operations such advertising campaigns.
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