Category Archives: COH

“The story has long been told of the steel magnate who looked out of his office window at the rows of smoking factory chimneys, contemplated the healthy pile of unfilled orders on his desk, sent a memorandum to his production assistant to hire a hundred more men, and called his stockbroker to sell all the stocks he owned.  ‘Are you crazy or something?’ asked the broker.  ‘No,’ came the reply.  ‘In all my years the future for our business has never looked as good as it does right now.  Therefore I must assume that from now on it can only look worse.’

source: Harry, Schultz D. Bear Markets, How to Survive and Make Money in Them. Prentice-Hall, New Jersey. 1964.  page 5.

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