“Evidence that people are selling stocks at a time when they ought to be eating lunch is always regarded as a serious matter.”
― Business Adventures: Twelve Classic Tales from the World of Wall Street
― Business Adventures: Twelve Classic Tales from the World of Wall Street
“In his recent book “The Great Ascent,” Robert L. Heilbroner had cited an estimate that for every cent by which copper prices drop on the New York market the Chilean treasury lost four million dollars; by that standard, Chile’s potential loss on copper alone was $1,760,000.”
― Business Adventures: Twelve Classic Tales from the World of Wall Street
― Business Adventures: Twelve Classic Tales from the World of Wall Street
“One of de la Vega’s observations about the Amsterdam traders was that they were “very clever in inventing reasons” for a sudden rise or fall in stock prices,”
― Business Adventures: Twelve Classic Tales from the World of Wall Street
― Business Adventures: Twelve Classic Tales from the World of Wall Street
“A margin call is a demand for additional collateral from a customer who has borrowed money from his broker to buy stocks and whose stocks are now worth barely enough to cover the loan.”
― Business Adventures: Twelve Classic Tales from the World of Wall Street
― Business Adventures: Twelve Classic Tales from the World of Wall Street
“It is foolish to think that you can withdraw from the Exchange after you have tasted the sweetness of the honey.”
― Business Adventures: Twelve Classic Tales from the World of Wall Street
― Business Adventures: Twelve Classic Tales from the World of Wall Street
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