Long Ago Wisdom

From the introduction to Wall Street Speculation, Its Tricks and Its Tragedies (published 1902):

Wall Street speculation is the most stupendous game known to the world of chance; as compared with it, the game of Monte Carlo pales in utter significance; in no other game are the stakes so high, is success so transitory and failure so overwhelming. It is a game in which the wealth of Croesus changes hands in a single hour, a game in which a few manipulators behind the scenes pile up millions on top of millions year after year; but in which the vast majority of the outside public, who tamper with it, go to financial and often to physical and moral ruin.