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Stories Quotes

“The investor is neither smart not richer when he buys in an advancing market and the market continues to rise. That is true even when he cashes in a goodly profit, unless either (a) he is definitely through with buying stocks an unlikely story or (b) he is determined to reinvest only at considerably lower levels. In a continuous program no market profit is fully realized until the later reinvestment has actually taken place, and the true measure of the trading profit is the difference between the previous selling level and the new buying level.”

“When I was little I knew my father had been an orphan and had lived in an orphanage. I was curious, but my father wouldn't satisfy my curiosity. He told only one story about the orphanage, and that was of sneaking out and buying candy, which he sold to other orphans. He said he had a pretty good business going - till he was busted! I guess he told that anecdote because he was the hero of it and I suspect he was rarely the hero as a child, more often the victim. There's a photo of the actual orphanage on my website, and you can see it's a forbidding looking place.”

“What the altar-bound of today end up buying from their numberless vendors is a dog's breakfast of bridal excess - part society wedding of the twenties, part Long Island Italian wedding of the fifties. It's The Philadelphia Story and The Wedding Singer served up together in one curious and costly buffet.”