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The easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true.
- Demosthenes -
Most of what he mentions was still the norm well after 1963. I certainly remember checking stock prices by looking in the business section of the paper so I didn't know what happened on Monday until Tuesday afternoon when I read the paper. There was no internet. There was no CNN or MSNBC or Bloomberg or iPhone apps.
Commissions were sky high. The "discount" brokers were a big deal because they "only" charged $40 or $50 instead of $100 or more. Of course, that was assuming you bought an even lot of 100 shares. If you bought an odd lot, less than 100, the commission was often higher. There was really no place for the small investor.Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going. -
I definitely remember checking stock and mutual fund prices in the paper. In particular a fund that my grandmother bought me a little of in the 70's.
Another thing that seemed like it happened a long time ago to me but wasn't until 2001 (which may be a long time ago to some) was the decimalization of stock prices. Before that everything was in 1/16's.The easiest thing of all is to deceive one's self; for what a man wishes, he generally believes to be true.
- DemosthenesComment
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