Those Who Act As If They Know

If I Owned Any Of These Hot New Issues That Have Doubled, Tripled, Quintupled Or Umptupled Within Days And In Some Cases Hours After They Were Issued, I Most Certainly Would Grab My Fabulous Windfall, Thank My Lucky Stars And Invest The Money. It's Utter Nonsense To Think Any Newly Issued Stock Is Really Worth Two, Ten Or 20 Times The [offering] Price.... A Management So Stupid As To Sell Shares [cheap], And An Underwriter So Obtuse As Not To Discern The Real Value, Together Would Provide Reason Enough For A Sensible Man To Get Rid Of His Shares.

We'd All Like To Be Taken For What We'd Like To Be.

Advice: It's More Fun To Give Than To Receive.

When Profit Is Unshared, It's Less Likely To Grow Greater.

An Inadequate Chief Executive Officer's Time At The Top Is Always Too Long No Matter How Short.