EDWARD H. HARRIMAN

This quotation illustrates how the super rich can actually profit from recessions and market crashes. As long as they are rich enough not to have to sell anything at the depressed prices, they have the operational advantages that Harriman articulates plus they can usually buy more assets cheaply. The super rich generally have been able to do very well in economic crashes while the rest of society usually suffers.

This quotation illustrates how the super rich can actually profit from recessions and market crashes. As long as they are rich enough not to have to sell anything at the depressed prices, they have the operational advantages that Harriman articulates plus they can usually buy more assets cheaply. The super rich generally have been able to do very well in economic crashes while the rest of society usually suffers.