James Hilton Quote

He said this with such simplicity that Conway could not help responding: I’m not much of an authority on what people call high finance. It was a lead, and the American accepted it without the slightest reluctance. High finance, he said, is mostly a lot of bunk. So I’ve often suspected. Look here, Conway, I’ll put it like this. A feller does what he’s been doing for years, and what lots of other fellers have been doing, and suddenly the market goes against him. He can’t help it, but he braces up and waits for the turn. But somehow the turn don’t come as it always used to, and when he’s lost ten million dollars or so he reads in some paper that a Swede professor thinks it’s the end of the world. Now I ask you, does that sort of thing help markets? Of course, it gives him a bit of a shock, but he still can’t help it. And there he is till the cops come—if he waits for ’em. I didn’t.