Wall Street Is Not Monte Carlo

December, 1961

Wall Street is Not Monte CarloSizable Fortunes have been made and are being made by individuals who invest their money in common stocks. I, myself, have made many millions by investing in them, by buying common shares on the stock market. I own certain shares today that are worth as much as 45 times what I paid for them a few years ago.Yes, common stocks can prove highly profitable to those who buy them -- to those who choose them carefully and consider them as investments. I would not, however,...