Did You Ever Lose a Million Bucks?

[furstenfeldbruck]

a fucking penny could buy you a week's worth of grocery!

[warcry136]

she also has that ugly black dress of hers

[BMWLDRider]

She's cute

[BabaShtrumf]

lol stupid greedy bitch

[Licmycat]

GOOD ADVICE~Americans HEED that WARNING! Robbers are in the Wall Street Casino!

[GoldenSilents]

Very silly woman. Any update on what happened to her and when she died?

[LadyJay114]

$25K for a chinchilla back then!!!!! That's how much you pay for one nowadays. 

[inkey2]

I just thought of something....she said she lost the million that was left to her just for her musical education but there is no way of knowing how much more money she was left for non-musical reasons. I mean....she could still have more money

[primeholyassasin20]

wow....how much would 1 million back then be worth now?

[IngloriusBastard11]

Here's another damn idea...STICK YOU WHAT YOU KNOW.

The problem with most people is that they think that most Brokers are smart as hell. If most Brokers are smart why the hell aren't they are wealthy. Taking advice from a broker is like asking a whore if she loves everyone she bangs.

[damthatriver09]

@IngloriusBastard11 Funniest thing I've ever read.

[thegreatozz1]

I have no choice. Everyone has a 401k and we must play it. We need to get 20% a year gains to retire since social security will be gone. Buy gold. Wait..no..buy Chinese stocks!!!

[inkey2]

@thegreatozz1 saw your comment..........no, social security will not vanish....at least not in the next 20 years.......BUT......what will happen is that the federal government will just print more and more dollars to cover it rendering the dollars you get from social security less valuable by the day

[MagicalCheeseMuffin]

here's a better idea! don't be so fucking greedy.

[guyb22]

@js9032h57fb22j487dje inflation has increased at approximatly 1% every year for nearly one hundred years, 1 million dollars in 1929 would be more like 82 million dollars in 2011 if the money was untouched, in 1929 she would of been one of the richest women in america, something tells me this is a fictious story. I do not doubt she accumlated great wealth but its very likely it wasnt wealth of such great proportion

[rayandreina]

The other two pieces, by the way, are Liebestraum No. 3 ("Love's Dream") by Franz Liszt; and "Country Gardens" by Percy Grainger.

[rayandreina]

Well, I totally agree: playing the stock market these days would be rather like betting on the horse races; or playing poker. Yes, you might win once in a while; but more likely than not, however -- you're going to lose! -- and, well -- too bad.

[galenct]

@rayandreina Know the difference between playing (trading) and investing. There's a big difference. And if you invested in the market in, say, Coca-Cola, before 1929 and sold in 1945, you would've made a profit.

[eracholo17]

i feel like such an IDIOT for not being able to recall the title and composer of the first tune she begins playing. Help please!

[rayandreina]

@eracholo17 Yes, I know the feeling. The first piece is: Rondo a Capriccio in G Major, Op. 129 -- "Rage Over a Lost Penny", by Ludwig von Beethoven. While originally dating from 1795, it remained unpublished and incomplete until 1828 (courtesy of Anton Diabelli), the year after his death.

[shananagans5]

It is unlikely she lost everything unless she had it all in a few companies that went under. It is not like everything went under overnight. It was just like now. Lots of value was lost but not everything by any means.

[ajgolfer1]

@shananagans5 she probably bought on margin, so she culd have easily lost everything back then you could buy stocks on a 10% margin

[shananagans5]

@ajgolfer1 True. I was thinking more along the lines of standard stock. There is a few ways now that I really think about.

[gix500]

a chinchilla fur worth 25000????must have been rare back then, dont tell chinchilla owners that their skin is valuable(just kidding) and if u google value of the dollar in 1929 u will see that 1 mill was equevalent with 12,6 mill today, so not having enough is ofcourse a joke ,this is some propaganda

[fasteddie847]

Inflation adjusted 1 million dollars in 1929 would be roughly 12.8 million in today's money and she didn't think she could live off of it????? That stupid bitch deserved to lose it

[TenHanger]

$1mm in 1932 would be $60mm in today's terms, using REAL inflation, not the gov't phony CPI numbers. The $25,000 fur coat would likely be 60x that amount, were it equally rare now as then, so $1.5mm. Fur coats probably cheaper nowadays tho, on a relative basis.

[gix500]

@TenHanger hard to compare with what items cost back then, items such as food can go from scarce to there beeing alot of it, what u normally use is the price of land, but i agree that inflation today is much higher than 3 %

[damthatriver09]

@TenHanger You are very educated. I need your level of expertise.

[quentinfotts]

I love Margaret Shotwell! "AndIlostmamillion."

[lostprophet912]

Using government inflation numbers, 1 Million than is equal to about 12.5 million today. Realistically it is probably more equivalent to about 20-25 million today.

[ThePretzelHead]

At least she had a profession to fall back on.

"Any bears in the house?"

[quentinfotts]

Thanks for posting this, KodaCodec. It's a real classic. It was a true story. She died in 1987.

[PlasmaOscillations]

she didn't think she could live off the income from a million? way back then? she obviously had expensive tastes

[ManilaSyndicate]

Classic footage and a sad one too. Horrendously so if the crash was all planned out.

[williamgen28]

Pardon my question, but was it true? I mean, she took it pretty well after losing a million dollars.

[asumazilla]

@williamgen28 Easy come easy go.

[Entropy56]

Anyone know if Margaret Shotwell is still alive? She would be about 105 or so.

[inkey2]

Interesting side note: the crash happened in 1929. It took the stock market about 22 years to recover (1951).

[antediluvian99]

Getout!? 22 years!?!?

[inkey2]

to antediluvian99: yep....took about 22 years to recover to its previous pre-market crash level. That was one hell of a crash

[jdbrown371]

I'm gonna play the stock market... all the way down that is...

[AccuracyMarked]

hahAHAH, GREAT ADVICE!!!

[Camnun]

This ought to be just some kind of Advertisment about the danger of putting all your money on the market. And maybe even much latter then 1929. Also No way there was a fur coat $25.000 in 1929.

One could buy a dusenberg with this kind of money. A Ford mustang started around 3 or $4.000 bucks in the 60´s.

[inkey2]

to Camnun: you could be right.....this may be some kind of public service warning.....she seems pretty damn happy for someone that lost a million bucks

[tifo316]

lol

[inkey2]

@Camnun i agree, no way that coat cost as much as say 8 middle class houses (at a price of about 3 grand each).

[finefilth]

my father made 3-4000 a year in 1946...and was well off

[vuetube]

which was the bigger rip-off, getting caught losing a mil in the '29 crash, or paying $25,000 for a Mexican Chinchilla coat!?

This way to the Egress....

[squonk8455]

You can wear your fur coat, play the piano, and eat my hot dog all at the same time if you would like my dear??..........

[inkey2]

IN "1929" SHE COUILDN'T LIVE ON 1 MILLION DOLLARS? Are you kiddine me? L O L. Even at $20,000 per year wich was a kings ransom to most people then, she could have lived quite nice till well into the 1970s. I'm glad she lost it all.

[elwalvador]

Adjusted for inflation, which is caused by the Fed printing money, her 1929 million dollars would be in today's dollars well over 12 million dollars. She could have lived extremely well.

[kvasicek]

I completely agree with you.

[inkey2]

I just realized something.....even if she had kept her money in a "bank" (instead of putting it in wall street) she probably would have lost most of it anyway. The banks were not insured and so many of them went totally bust.

[savgal1211]

@inkey2 What do YOU care if she lost a million bucks? Does that make YOU more POWERFUL or better?? You idiot!!

[inkey2]

@savgal1211 well obviously "you" care she lost a million bucks because you are on this site.

[savgal1211]

@inkey2 What? I watched a video!!

[inkey2]

@savgal1211 apparantly you did

[ABigOneLikeDaddys]

no-one will buy your coat m'dear; your titties would get too cold with out it.

.

Where did you get that dress, it certainly is low cut; I don't think you exhausted all your options for employment, instead of studying music, do erectile disfunction threapy.

.

[Goddamntheists]

You just knew you could depend on the Republicans to help bring on Armageddon.

Jesus Hessian Christ was a socialist

[kcmall]

You're a damn nut dude. Ask God into your life.

[Goddamntheists]

I am one of those people with a mental disorder that prevents me from blindly accepting things on faith. Please pray for me.