My Adventures With Your Money - Tapa dura

The instinct to speculate dominates you. You feel that you simply must take a chance. You cant win, yet you are going to speculate and to continue to speculate and to lose. Lotteries, faro, roulette, and horserace betting being illegal, you play the stock game. In the stock game the cards (quotations or market fluctuations) are shuffled and riffled and STACKED behind your back, AFTER the dealer (the manipulator) knows on what side you have placed your bet, and you havent got a chance. When you and your brother gamblers are long of stocks in thinly margined accounts with brokers, the market is manipulated down, and when you are short of them, the prices are manipulated up. You are on guard against the Get-rich-Q uick man, and you flatter yourself that you can detect his wiles at a glance. You can one kind of Get-R ich-Q uick operator. But not the dangerous kind. Modern Get-R ich Quick Finance is insidious and unfrenzied. It is practised by the highest, and you are probably one of its easy victims. One class of Get-R ich-Q uick operator uses crude methods, has little standing in the community, operates with comparatively small capital, and caters to those who do not think and have only small resources. He is not particularly dangerous.
(Typographical errors above are due to OCR software and don't occur in the book.)

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