On more than one occasion, I've asked Mr. Medwin to go to the HIGH price of Coke (KO) prior to the market crash of 1929 since he seems enamored about the values of that time period.
I've put slight effort into it today and can only find pricing going back to 1962 so I'm missing 33 years.
I'm pretty darn comfortable contending that the price of Coke stock 33 years PRIOR to 1962 was probably below the price IN 1962....but I wasn't there so we'll deal with what we have.
I contended that if someone bought KO at the high PRIOR to the crash of 1929, "why would they care" today that it's crashing down??? Their basis in the stock would be so small....
Here's a copy paste of what I found for 1962. What you see below is a 1962 price of essentially .27 cents per share. Now, this is a share adjusted price... it might have been "$15" back then but, because of splits, the price would have dropped....
So, with KO today at $47, who would be agasint having bought it during the worst decline in the market in 1929???
Note that TODAY, KO's annual dividend is $1.64 so had you bought it in 1962 at .27, you would be netting today, a 500% rate of return annually.
How is that a bad thing if you bought it then and today, it drops 50% in value???