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Stories Quotes

“In his anti-Darwinian book... (and eponymously named The Neck of the Giraffe ), Francis Hitching tells the story... "The need to survive by reaching ever higher for food is, like so many Darwinian explanations of its kind, little more than a post hoc speculation." Hitching is quite correct, but he rebuts a fairy story that Darwin was far too smart to tell - even though the tale later entered our high school texts as a "classic case" nonetheless.”

“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.”