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Pastimes : All Clowns Must Be Destroyed
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To: re3 who wrote (38934)6/10/2000 1:12:00 PM
From: Joan Osland Graffius  Read Replies (1) of 42523
 
ike,

Looks like we still have margin problems. Evidently there is a few folks that have to loose all before they graduate from margin investing 101. <g>

Some time during the early 80's a fellow was interviewed on Wall Street Week when he was 101 years old and was asked what was the most important lesson he had learned during his career on wall street. His answer was to never buy stocks on margin. He said he lost his shirt during the 1929 fiasco.<g>

Joan
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