“In the stock market, however, as de la Vega points out, “the news [as such] is often of little value;” in the short run, the mood of the investors is what counts.”
― Business Adventures: Twelve Classic Tales from the World of Wall Street
― Business Adventures: Twelve Classic Tales from the World of Wall Street
“(“The expectation of an event creates a much deeper impression … than the event itself.”—de la Vega.)”
― 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
“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
“The moral may be that psychological gestures on the Exchange are most effective when they are neither intended nor really needed.”
― 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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