To the man who held stock on margin, disaster had only one face and that was falling prices. But now prices were to be allowed to fall. The speculator's only comfort, henceforth, was that his ruin would be accomplished in an orderly and becoming manner.


Chapter VI, Things Become More Serious, Section II, p 110 - The Great Crash, 1929 (1954 and 1997)

John Kenneth Galbraith Quotes

To the man who held stock on margin, disaster had only one face and that was falling prices. But now prices were to be allowed to fall. The...

To the man who held stock on margin, disaster had only one face and that was falling prices. But now prices were to be allowed to fall. The...

To the man who held stock on margin, disaster had only one face and that was falling prices. But now prices were to be allowed to fall. The...

To the man who held stock on margin, disaster had only one face and that was falling prices. But now prices were to be allowed to fall. The...