Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive. - John Kenneth Galbraith

For a long time the New York Stock Exchange looked with suspicion on the investment trusts; only in 1929 was fisting permitted.

... out of the pecuniary and political pressures and fashions of the time, economics and larger economic and political systems cultivate their own version of the truth. This last has no relation to reality. No one is especially at fault; what is convenient to believe is greatly preferred.

The assets back of these notes were, it need hardly be said, minuscule and evanescent. Leverage once again.