Worth Knowing · Wall Street Oddities

In 1954 the economist Armen Alchian worked out which fuel powered the U.S. hydrogen bomb — by watching the stock market. Noticing that Lithium Corp of America’s shares had jumped about 461% that year, he deduced the secret was lithium. The government ordered his paper destroyed.

Source: Newhard (2014), Journal of Corporate FinanceVerified 2026-07-10
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