Bears Don't Live On Park Avenue.

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

Never Follow The Crowd.

Never Play Tips From "insiders." They Can't See The Forest For The Trees.

Our Problem In Money-making Or Government Affairs Is How To Remain Properly Venturesome And Experimental Without Making Fools Of Ourselves.

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.