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Part III > Holy Grails

Chapter 9. Holy Grails

“Jesse Livermore described Wall Street as a ’giant whorehouse,’ where brokers were ’pimps’ and stocks ’whores,’ and where customers queued to throw their money away.”

The Economist[1]

“What is dangerous is for Americans not to be in the stock market. We’re going to reach the point where stocks are correctly priced and we think that’s 36,000 . . . It’s not just a bubble. Far from it. The stock market is undervalued.”

James Glassman, Syndicated Columnist/Co-author, Dow 36,000[2]


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