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Published · transcript-backed

David Rosenthal: belief

21 Apr 2021 Acquired Berkshire Hathaway Part I

“I think the Dow dropped in the low teens maybe percentages on Black Tuesday but it was still shocking to people.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
belief
Recorded
21 Apr 2021
Publisher
Acquired

Transcript context

…America has left its mark on me. All right, so Black Tuesday. Black Tuesday. Of course, we’re talking about the stock market crash on Black Tuesday. I think it actually wasn’t that bad by modern standards. I think the Dow dropped in the low teens maybe percentages on Black Tuesday but it was still shocking to people. The real problem is over the next three years after Black Tuesday. The market loses 90% of its value. Can you imagine that? That’s— Unbelievable.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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