“These values, in turn, were reflected in yet greater magnitude to the holdings of the Trading Corporation. Unrecognized only was the way in which this process would work in reverse—the fixed obligations commanding diminishing market values and revenues of the stocks. Diminution there was. The shares of the Goldman Sachs Trading Corporation were issued at $104 and rose to $222.50 a few months later; in the late spring of 1932, they stood at $1.75.”
―
A Short History of Financial Euphoria
Share this quote:
Friends Who Liked This Quote
To see what your friends thought of this quote, please sign up!
0 likes
All Members Who Liked This Quote
None yet!
This Quote Is From
A Short History of Financial Euphoria
by
John Kenneth Galbraith2,260 ratings, average rating, 211 reviews
Open Preview
Browse By Tag
- love (101346)
- life (79362)
- inspirational (75842)
- humor (44338)
- philosophy (30964)
- inspirational-quotes (28889)
- god (26867)
- truth (24739)
- wisdom (24617)
- romance (24350)
- poetry (23293)
- life-lessons (22586)
- quotes (21011)
- death (20532)
- travel (20122)
- happiness (19002)
- hope (18526)
- faith (18384)
- inspiration (17297)
- spirituality (15702)
- relationships (15530)
- religion (15375)
- motivational (15323)
- life-quotes (15301)
- love-quotes (15138)
- writing (14938)
- success (14185)
- motivation (13177)
- time (12864)
- motivational-quotes (12154)
