Word: emptor
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Next, $10 Million? At $3,861 per sq. in., Simon was simply playing caveat emptor according to the rules. The prince, currently hard pressed for cash following several unsuccessful business ventures, agreed-but he was in no mood to let his treasure cross his principality's boundaries or risk an adverse verdict. When negotiations broke down, the prince's art dealer, Josef Farago, issued a categorical denial: "The prince would not dream of selling the Leonardo." As for the prince, he was, as one to the manner born, off hunting in Austria. Does this mean that Ginevra...
...Caveat Emptor. The tax angle has also heightened the appeal of shares in oil wells, which enable the investor to claim the 27½% depletion allowance and write off the expenses of drilling and operating the wells. There is speculation in money itself: the growth of coin collecting in recent years has nudged the value of uncirculated coins up as much as 70% a year. Diamonds, long a solid investment, are attracting more investors than ever; prices of small stones have risen 7% in the last year. Another longtime investment area, commodities futures, is winning new enthusiasts. For as little...
...such cases the old rule of caveat emptor especially prevails. The offbeat plunger can make a big splash if he is lucky; he can also quickly go under. Bankers and investment houses usually shy away from such unusual and high-risk opportunities, but potential investors seldom have trouble hearing about them. Word travels rapidly through accountants, special brokers, newspaper advertisements, relatives or neighbors who want to let someone in on a good thing-they hope...
...Wall Street philosophy of caveat emptor, that every man's losses are his own misfortune, received an important qualification last week. The New York Stock Exchange decided to make good to 20,000 hapless investors the mistake of one of the members of its club. After four feverish days of consultation, Exchange officials and a group of top brokers agreed to set up a $12 million fund to pay back almost immediately the losses suffered by the customers of Ira Haupt & Co., which was suspended from trading after its biggest commodity customer went bankrupt, leaving the firm with debts...
Muttering caveat emptor over and over to drown out my conscience, we heartlessly sublet our superdeluxe "Something East" and quietly left town...