The massive reduction in risk that is inherent in the development of the modern corporation has been far from fully appreciated. - John Kenneth Galbraith

To a few alarmed observers it seemed as though Wall Street were by way of devouring all the money of the entire world. However, in accordance with the cultural practice, as the summer passed, the sound and responsible spokesmen decried not the increase in brokers' loans, but those who insisted on attaching significance to this trend.

No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousandshares ofGeneral Motors or General Electric.

It was usually on about the fourth day that I put in that note of spontaneity for which I am known.