“Partial to old habits, Rockefeller continued to trade by buying each time a stock declined an eighth of a point or selling on each eighth-point rise. Having relinquished most of his money to Junior, he often borrowed up to twenty million dollars to execute these transactions and occasionally cadged loans from his son. “John,” he said to him one day, “I’ve been following the stock market carefully. I think that if I had a little money, I could use it to make some more. Do you believe you could lend me several hundred thousand dollars?” “Well father,” said Junior wryly, “do you think you are old enough to use it wisely?”
― Titan: The Life of John D. Rockefeller, Sr.
― Titan: The Life of John D. Rockefeller, Sr.
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