Technology Means The Systematic Application Of Scientific

However, It Is Safe To Say That At The Peak In 1929 The Number Of Active Speculators Was Less - And Probably Was Much Less - Than A Million.

The Enemy Of The Conventional Wisdom Is Not Ideas But The March Of Events.

That One Never Need To Look Beyond The Love Of Money For Explanation Of Human Behavior Is One Of The Most Jealously Guarded Simplification Of Our Culture.

The Stock Market Is But A Mirror Which Provides An Image Of The Underlying Or Fundamental Economic Situation. Cause And Effect Run From The Economy To The Stock Market, Never The Reverse. In 1929 The Economy Was Headed For Trouble. Eventually That Trouble Was Violently Reflected In Wall Street.

While It Will Be Desirable To Achieve Planned Results, It Will Be Even More Important To Avoid Unplanned Disasters.