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.
Malcolm ForbesI haven't a clue about the biology or the psychology involved when a person dissolves into tears, but it is quite fascinating to note what turns them on. There are wives who can cascade over a late husband or a burned dinner, and equally pour tears of joy over a new bonnet or a renovated bathroom.... A while ago I took a ship back from Europe. Amid the tumbling confetti ... I found myself misty-eyed watching a young lady waving a tearful farewell to her boyfriend on the dock. I couldn't figure out if I was crying at her plight, or in delight that he wasn't coming along with us.
Malcolm Forbes