Show 4 i- i TT I Speculators and Martyrs T V I I According to the tho movie conception of or Wall all street speculation Is merely the tins process of or fleecing lambs Unquestionably those who are In Iri hi 1 position to know have an advantage over o those who act on Idle rumors false tips and emotional hunches Although It Is h commonly assumed that fn In this perpetual transference of or ownership the big fellow is 18 taking tatinS advantage e orthe of or the little f fellow actual data b. b by no means supports this conclusion As a matter the lie little lillIe odd lot c cash sh investor investor tor more frequently I profits at the tho expense of or th the big speculator In the long run the investor class which keeps its oyo eye focused on intrinsic worth usual usually profits at the tho expense of or the l speculator class which is fooled b by th the tho h hope po that it will rill always bo be able to Unload unload un un- load on tho the still more optimistic In fact tact ono outstanding Wall ull street economist turning his back hack on popular opinion remarked tome tomo to tomo mo me that speculators are arc martyrs to progress s and ought to be bo subsidized by bJ society instead of ot na nagged ed for they nn an tho the goats who make e it possible for Cor investors to lo mal make o sizable profits As for fOI tho the shorts instead of ot being taxed ho lie thought that the they ought to bo be paid a n. premium for fot they help to stabilize markets markets Merryle le Stanley in Nations Nation's Business |