Foresaw and predicted the fantastic Depression and for that reason became among the wealthiest guys of his period. He made thousands by buying utilities, then marketed off a lot of the business in belief a drop on the market was imminent. He utilized the arises from his early lot of money to get up companies attempting through the Despair. He was wedded towards the aviatrix Jacqueline Cochran. He and his wife had been both big followers of Amelia Earhart and underwrote a lot of her famous plane tickets.