Quotes

Quotes by Fred Schwed, Jr.

(2)
(206) "Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little."
1940
- Where Are The Customer's Yachts?
(79) "Once in the dear dead days beyond recall, an out-of-town visitor was being shown the wonders of the New York financial district. When the party arrived at the Battery, one of his guides indicated some handsome ships riding at anchor. He said, ‘Look, those are the bankers' and brokers' yachts.' ‘Where are the customers' yachts?' asked the naive visitor."
1940