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“We have no honorable intentions in Vietnam. Our minimal expectation is to occupy it as an American colony and maintain social stability for our investments. This tells why American helicopters are being used against guerrillas in Colombia and Peru. Increasingly the role our nation has taken is the role of those who refuse to give up the privileges and pleasures that come from the immense profits of overseas investment.”

“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.”

“In the days of peace every precaution should be taken to insure that there are no forces making for war. Just as we now forbid the trafficking in certain drugs, in the sale of poisons, just as we forbid the making of any imprint that suggests a coin or currency, just as experience has demonstrated that men may not make profit out of certain things because of the danger of abuse, so in the gravest of all dangers laws should be passed taking from those who might gain from war or preparations for war every hope that advantage could come to them by such a calamity.”