When A Fund Manager Buys A Red Ferrari & 24 More Stock Market Fun Facts
Here at SparkFin, we are serious about the stock market, and we know you are as well. But we also like to lighten things up every now and then, which is why you’ll find a “fun fact” at the bottom of all our in app lists.
We’ve gathered up some of our favorites for you and we hope you enjoy them.
- Since 1903, the New York Stock Exchange has signaled the start of each day’s trading session by ringing a bell, but originally, a Chinese gong was used.
- The Philadelphia Stock Exchange was the first U.S. exchange, founded in 1790. It was originally called the “Board of Brokers” and was located in a coffee house, now known as the City Tavern. In 2007, Nasdaq purchased the exchange for $652 million.
- Google founders Sergey Brin and Larry Page offered to sell the company to rival Excite for $1 million in 1999, but Excite’s CEO tried to talk them down to $750K so they passed.
- The “Super Bowl” indicator says that if the AFC wins, the market will decline for the year. If the NFC wins, it will end the year up. It has an 80% accuracy rate.
- When they attack, bears swipe down and bulls hook up, which is why we call those that think the market will go down “bears” and those who think it will go up “bulls.”
- The Dow Jones Industrial Average first closed over 100 in 1906. It took until 1972 to close over 1000. Then in 1999, it finally closed over 10,000.
- Warren Buffett is quoted as saying, “I’ve owned between 400 and 500 stocks during my career, and made most of my money on 10 of them.”
- If you started with a dollar, and could double your money every day in the market, in 48 trading days you would have over $200 trillion dollars.
- Apparently, Mila Kunis is an active trader. She once told an interviewer, “Last year I did 338 day trades and my return was 30.4% — which is pretty great.”
- Despite Mrs. Kunis’ success, celebrities are usually contra-indicators. After Kim Kardashian giddily tweeted about Apple becoming the most valuable company in the world in 2012, the stock dropped 37%.
- Domino’s Pizza saw their stock increase by 233% within a year after changing their pizza recipe.
- In 1997, Michael Dells was asked at a technology conference what advice he would give Steve Jobs who was just about to return to Apple. He replied, “What would I do? Shut the company down and give the money back to shareholders.” Jobs responded by saying, “F**k Michael Dell.”
- However, if you bought Apple stock when Steve Jobs returned to the company, you would be up 21,375% by 2015.
- Wall Street lore says, if your formerly low-key money manager, who beats the market regularly, starts driving a red Ferrari, you should close your account. No, not because he’ll crash it, but because his focus might be starting to drift. Still, this video of a guy wrecking a Ferrari on a test drive is pretty funny.
- In 1978, on his first day as a professional trader, Steve Cohen made an $8,000 profit. In 2005, his compensation was $1 billion. Cohen is also an avid art collector who once paid $8 million for “The Physical Impossibility of Death in the Mind of Someone Living,” which is basically a dead shark, preserved with formaldehyde, in a glass tank.
- You’ve probably never heard of the best-performing stock during the last 30 years (we hadn’t). It’s Balchem Corp (Symbol: BCPC) and has returned 107,099% since 1985. According to the company’s website, the are involved in four business segments: SensoryEffects; Animal Nutrition & Health; Specialty Products; and Industrial Products. Mkay…
- During the late 90’s, former pool contractor Dan Zanger turned $11,000 into $42 million in less than two years. A trading world record for percentage return which still stands today.
- Few people know this, but after a long night of nunchucking the vast minions of some evil warlord, Bruce Lee would often unwind by day trading stocks. Okay, maybe that’s not true, but we think it would be a cool idea for a Netflix series.
- The largest loss for the Dow Jones Industrials at the close was 777.68 points on Sep 29th, 2008. However, the largest intra-day drop was 1,089.42 points on Aug 24th, 2015.
- The first trillion dollar company may happen in the next few years. The top contenders are Facebook, Apple, Amazon, and Google.
- Roland Wayne co-founded Apple with Steve Jobs and Steve Wozniak. His stake — which he sold in 1976 for $800 — would be worth $35 billion today.
- In 2005, a novice Japanese trader accidentally hit the wrong key and entered an order to buy $5B worth of stock instead of $5K. This is known as “fat fingering” a trade.
- A famous saying on Wall Street goes, “when your dentist gives you a stock tip, it’s time to sell.” The idea is that when the general public starts giving out tips, everybody is already invested in the market and there’s nobody left to buy stocks. We’re not sure they’re picking on dentists though.
- In a world where technology provides 24/7 news and information flow, the stock market’s regular trading hours are still only from 9:30am to 4:00pm (EST). What’s up with that?