It doesn't take much of a rule to measure a mean man.

SM is an abbreviation of both stock market and sadomasochism-- and there are those who think they are one and the same.

Several weeks of summer vacation in the Thirties I spent working at $15 a week in the FORBES office.... I worked in the mail cage, where envelopes were slit and subscription payments extracted. Dad used to come pounding down the office aisle and pause long enough to ask, How much today? Inevitably the answer was inadequate-except once. That day the controller said excitedly, Mr. Forbes, the ledger shows a slight profit this month! ... My father turned to him and said, Young man, I don't give a damn what your books show. Do we have any money in the bank?

Occasionally indulging in a do-nothing day is more than worth the price.

Speculator: One who bought stocks that went down.

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.

Can you understand why the Congress, most states and most cities refuse to pass legislation requiring the registration and licensing of any and all guns? For the life of me, I can't. We must register our cars and be licensed to drive. In many places we must get licenses for dogs and even bicycles. Being required to register firearms and show the competence and capacity to handle them hardly seems unreasonable, hardly seems an infringement of freedom. What is it that blocks such legislation? Why do they block it? How are they able to block it?