Apr

30

 Twenty years ago one fourth of all goods sold by the biggest hardware companies in the US were horse, buggy and wagon companies. But how would you like to have remained these twenty years a heavy stockholder in a buggy whip man.

Many years ago the Canal stocks were much in demand the same way google is today. Canal stocks were among the most conservative of investments suitable for widows and orphans. Most people who owned canal stocks put them away and forget about them. These canal stocks shortly started a descent to zero.

Two other great books for seeing the importance of adjusting to the new times are The Time It Never Rained and Monte Walsh. The Kelly book was recommended by Mr. Avella.


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