When U. S. President John F. Kennedy was asked by a reporter what he remembered from the "Great depression" , he remarked:I have no first hand knowledge of Depression.My Family had one of the great fortunes of the world and it was worth more than ever then. We had bigger houses,more servants, we travelled more. About the only thing that I saw directly was when my father hired some extra gardeners just to give them a job so they could eat.I really did not learn about Depression until I read at HARVARD.So, thats how we all think. We cannot fathom the financial tragedies until we experience them
MORGAN HOUSEL
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