Word: investors
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Dates: during 1950-1959
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Funston also suggested that the capital-gains benefits now accorded home buyers be extended to stock buyers. If an investor sold stock and put the money into another stock within six months, the capital-gains tax should be waived, as it now is for home buyers...
...Just Made a Deal." Even businessmen familiar with Latin America found opportunities. Said a U.S. investor: "I just made a deal with a Guatemalan I've known for years. Never knew he was interested in that line at all." And for Latinos the conference was a fine opportunity to look around for deals with their colleagues. One Guatemalan investor agreed to put money into a Mexican movie theater specializing in Italian movies...
...hallmark of democracy is a free market," Ames declared. "The many and differing opinions and judgments of people give the investor a wide choice in making his investments," he said...
...brokers' board rooms were crowded with tape-watchers and tipsters who bought stocks without even knowing what a company manufactured. In 1954 the only time board rooms were crowded was at night-for classes in which new investors learned how to buy stocks and how to evaluate a company. "When we started talking stock to a lot of our new customers out west Texas way," said a Dallas broker, "it took a while to make it clear that we didn't mean the four-legged kind." Dozens of corporations helped educate the public about free enterprise by starting...
Some Wall Streeters worried about what would happen if the funds should start unloading. But they could not do that without breaking the market for their own holdings, nor were they in any mood to do so. They bought for the long term, well aware that an investor who had bought stocks even at the 1929 peak-and held on through depression and wars-would by now have had a 37% profit in General Electric, an 87% profit in Sears, Roebuck, an 800% profit in Dow Chemical. As one Wall Streeter said, "The big boys aren't looking...