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Song Details
Rank this week: 35 (↑10)
Release Date: 1930 
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Current Rating 0.0 (0 votes)
Played on 3 shows:
01-04-20, #AOTA-20010511-12-16, #AOTA-161112
01-19-19, #AOTA-190119
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Messages about the song: "Tips On The Stock Market"
Stavro Arrgolus   Offline  -  Editor, MP3  -  02-01-19 10:01 AM  -  2 years ago

Cantor wasn't kidding. The reason he seems so knowledgeable about the stock market in this bit is because the Crash of '29 left him deep in debt. 

How do I know this? In Groucho Marx's autobiography, "Groucho and Me", it was Cantor who convinced Groucho to buy stock in Goldman-Sachs (yes, it existed back then), to which Groucho replied, "What is Goldman-Sachs? Is it a flour bag?"

Cantor was a little too persuasive and Groucho bought $35,000 of it on a 25% margin. In the end, he ended up losing $240,000 in the market in total - or so he claims - it was likely a lot more. At the end of the chapter, he said Cantor's advice was the worst of the lot, "Eddie, how could you?" he writes.

Groucho said some of his friends lost millions in the crash. He was talking about Eddie Cantor, among others. So the lesson here is 'never take financial advice from comedians'...or something.

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Song samples are provided for information purposes only and are intended to enable the users to sample the music (as they are in very low quality) before they take the decision of purchasing the music. This right is expressly permitted under "Fair Use" as nonprofit educational purposes only. The ownership of the copyright of the songs rests with the respective owners.

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