>>62361926
Makes me think you're a stupid faggot

>>62361926
>Imagine living in the 1940s and trying to own stock
My grandparents used to just look at the prices in the newspaper and call their brokers.

>>62361926
companies used to call you and tell you to buy their stocks

banks regularly bought and sold stocks for customers

if you didn't have a phone they'd write you letters and ask you to buy their stock.

>>62361926
the part that will really blow your tiny mind is before computers there were penny stock cycles that would peak once or twice a week and then dip again like clockwork and you could just buy the bottom and then sell and short the top and make millions in a matter of months. Not just one, but dozens of stocks like that. Driven by investors all buying and selling at the same times every week

computers ruined this for you.

you guys have no idea what you lost. There are people alive right now that know though

>>62361926
I remember seeing Homer Simpson sell shares of the nuclear plant over the phone. Still to this day I imagine some fat guy in a dark room smoking cigarettes carrying out my trades. What I don't understand however is how people got information. There are the papers but they only tell you P/E, dividends and volume. How would you find out cash flow and book value in the 80s?

>>62362077
>How would you find out cash flow and book value in the 80s?
the company still issued paper reports to the public and shareholders. Usually as promotional material trying to get people to invest

real time stock prices were broadcast using various media including phone lines, telegraphs, or radio to teletickers.

investors as I recall didn't bother much with P/E but stuff like dividends and charts were out there.