There is no such thing as an innocent purchaser of stocks.

There is no such thing as an innocent purchaser of stocks.

High finance isn't burglary or obtaining money by false pretenses, but rather a judicious selection from the best features of read more

High finance isn't burglary or obtaining money by false pretenses, but rather a judicious selection from the best features of those fine arts.

Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.

Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.

One-third of the people in the United States promote, while the other two-thirds provide.

One-third of the people in the United States promote, while the other two-thirds provide.

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

The way to stop financial joy-riding is to arrest the chauffeur, not the automobile.

The way to stop financial joy-riding is to arrest the chauffeur, not the automobile.

Derivatives are financial weapons of mass destruction.

Derivatives are financial weapons of mass destruction.

Financial sense is knowing that certain men will promise to do certain things, and fail.

Financial sense is knowing that certain men will promise to do certain things, and fail.

We estimate the wisdom of nations by seeing what they did with their surplus capital.

We estimate the wisdom of nations by seeing what they did with their surplus capital.