It has recently come to light that the Rebbe frowned upon investing in stocks.
In recent media interviews with various wealthy Lubavitchers and supporters of Lubavitch, the Rebbe’s repeated insistence not to put money into stocks has come to the fore.
Real estate mogul Sholom Ber Drizin of Crown Heights told COLlive.com he once received an answer from the Rebbe on the matter in which the word “never” was emphasized twice.
And this week, COLlive.com learned from Kfar Chabad Rabbi Mordechai Ashkenazi how, 40 years ago, Rabbi Shmaryahu Gurary (the Rashag) had a yechidus with the Rebbe and this issue has been discussed.
“I don’t hold of it,” the Rebbe said about stocks, according to Rabbi Ashkenazi.
“They want to drag me in but I don’t hold of it. None of the Rebbeim, including my father-in-law, saw a siman brachah (=positive sign) in stocks, except the Rebbe Maharash who did see success in stocks that he had personally purchased without a broker.”