The Common Sense of Money and Investments

"The accumulation of capital is the task and the duty of the individual."

"Prudent men build up an estate as a reserve against speculative or business mistakes."

"The form of the security is less important than the nature of the business behind it."

"The amateur investor sometimes blunders unbelievably in attending to the routine matters in protection of his holdings."

"The mortar which holds together the colossal industrial structure of the present generation is faith."

"Investment infallibility, especially as one strays from the obviously high grade issues, does not exist."

"Preferred stocks of strong companies are like common shares in form and like bonds in spirit."

"Like all fortune tellers, the security charlatan deals in generalities."

"Wall Street is the cash drawer of the nation's business."

"For the man who lacks the will power to save without compulsion or the technical skill for making good investments, endowment policies serve a useful purpose."

"A piece of advice should be weighed in connection with the particular question."

"Demonstrated earning power is often a better clue to the real worth of a share of stock than theoretical book value."

"The Better Business Bureau of New York, which was started in July, 1922, was organized on the initiative of a group of men who sought to set up an agency to prevent abuses in stock selling."