If The History Of The Past Fifty

Everyone Is Entitled To Be Wrong About Their Opinions, But No One Has The Right To Be Wrong About Their Facts.

I Was The Son Of An Immigrant. I Experienced Bigotry, Intolerance And Prejudice, Even As So Many Of You Have. Instead Of Allowing These Thing To Embitter Me, I Took Them As Spurs To More Strenuous Effort. .

The Longer I Operated On Wall Street The More Distrustful I Became Of Tips And Inside Information Of Every Kind. Given Time, I Believe That Inside Information Can Break The Bank Of England

Nothing Did More To Spur The Boom In Stocks Than The Decision Made By The New York Federal Reserve Bank, In The Spring Of 1927, To Cut The Rediscount Rate. Benjamin Strong, Governor Of The Bank, Was Chief Advocate Of This Unwise Measure, Which Was Taken Largely At The Behest Of Montagu Norman Of The Bank Of England....at The Time Of The Banks Action I Warned Of Its Consequences....i Felt That Sooner Or Later The Market Had To Break.

Let Us Not Be Deceived We Are Today In The Midst Of A Cold War.