Before the end of October, 1839, I had an opportunity of selling out my stock of goods to a couple of English merchants, which relieved me from the delays, to say nothing of the inconveniences attending a retail trade: such, for instance, as the accumulation of copper coin, which forms almost the exclusive currency in petty dealings. Some thousands of dollars' worth are frequently accumulated upon the hands of the merchant in this way, and as the copper of one department is worthless in another, except for its intrinsic value, which is seldom more than ten percent of the nominal value, the holders are subjected to a great deal of trouble and annoyance.
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p.185Josiah Gregg
It is usual for each trader, upon his arrival in that city, to engage a store-room, and to open and exhibit his goods... His most profitable custom is that of the petty country merchants from the surrounding villages. Some traders, it is true, continue in the retail business for a season or more, yet the greater portion are transient dealers, selling off at wholesale as soon as a fair bargain is offered.
Josiah Gregg
The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
Alan Greenspan
Of all the works of man I like best
Those which have been used.
The copper pots with their dents and flattened edges
The knives and forks whose wooden handles
Have been worn away by many hands: such forms
Seemed to me the noblest.Bertolt Brecht
Here’s why I would recommend against [selling the U.S. stock markets short]....Retail brokers normally require investors to hold any short-sale proceeds in U.S. dollars, usually earning no interest. The dollar, seen through my famously jaundiced eye, could lose more purchasing power than the security you sold short lost value....I’ve got a much better idea, which is to borrow dollars and spend them to acquire foreign income-producing assets, using the income to pay the interest.
Peter Schiff
Lord Copper quite often gave banquets; it would be an understatement to say that no one enjoyed them more than the host, for no one else enjoyed them at all, while Lord Copper positively exulted in every minute.
Evelyn Waugh
Gregg, Josiah
Gregory I, Gregory the Great
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