ATLBob

Wall Street Breakfast: Must-Know News

Great quote: What is the source/who said it?

On Mar 03 09:25 AM know nothing wrote:

> "You cannot legislate the poor into freedom by legislating the wealthy
> out of freedom. What one person receives without working for, another
> person must work for without receiving. The government cannot give
> to anybody anything that the government does not first take from
> somebody else. When half of the people get the idea that they do
> not have to work because the other half is going to take care of
> them, and when the other half gets the idea that it does no good
> to work because somebody else is going to get what they work for,
> that my dear friend, is about the end of any nation. You cannot multiply
> wealth by dividing it."

In Defense of Jim Cramer on Bear Stearns

Interpret Cramer's comments the way that makes you feel the best. It doesn't really matter if Cramer was talking about the stock or the bank account: anyone who makes investment decisions based upon ANY TV talking head gets what they deserve: a swift dose of reality from the market. Do some homework, do a gut check on your risk/reward profile and make an informed decision on your own and take responsibility and be accountable for the result of your actions. If you aren't prepared to do so, then use a professional broker or financial consultant, who will be paid to make the decision for you.