“There is one rule that works in every calamity. Be it pestilence, war or famine, the rich get richer and the poor get poorer. The poor even help arrange it. but it’s just as Mr. Brisbane and I have been constantly telling you, ‘Don’t gamble’; take all your savings and buy some good stock (casino chips), and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.”
Will Rogers, June, 1929, New York Times, 3 months before the stock market crash!
|