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Reader Quotes

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“The reader can test his own psychology by asking himself whether he would consider, in retrospect, the selling at 156 in 1925 and buying back at 109 in 1931 was a satisfactory operation. Some may think that an intelligent investor should have been able to sell out much closer to the high of 381 and to buy back nearer the low of 41. If that is your own view you are probably a speculator at heart and will have trouble keeping to true investment precepts while the market rushes up and down.”

“A trouble with poetry is the presence of presumptuousness in poetry, the sense you get in a poem that the poet takes for granted an interest on the reader's part in the poet's autobiographical life, in the poet's memories, problems, difficulties and even minor perceptions. I try to presume that no one is interested in me. And I think experience bears that out. No one's interested in the experiences of a stranger - let's put it that way. And then you have difficulty combined with presumptuousness, which is the most dire trouble with poetry.”