“Never give anyone the advice to buy or sell shares, because, where perspicacity is weakened, the most benevolent piece of advice can turn out badly.”
― 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
“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
“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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