finance
one. I was particularly good at mental arithmetic. As quotation-board boy I posted the numbers on the big board in the customers' room. One of the customers usually sat by the ticker and called out the prices. They couldn't come too fast for me. I have always remembered figures. No trouble at all.
There were plenty of other employes in that office. Of course I made friends with the other fellows, but the work I
,
they meant something. They were always changing. It was all I had to be interested in the changes. Why did they change? I didn't know. I didn't care. I didn't think about that. I simply saw that they changed. That was all I had to think about five hours every day and two on Saturdays: that they were always changing. That is how I first came to be interested in the behaviour of prices. I had a very good memory for figures. I could remember in detail how the prices had acted on the previous day, just before they went up or down. My fondness for mental arithmetic came in very handy.
I noticed that in advances as well as declines, stock other days. It was not long before I was anticipating movements in prices. My only guide, as I say, was their past performances. I carried the
"dope sheets" in my mind. I looked for stock prices to run on form. I had "clocked
fund revolution in the US – and elsewhere – is a typical example of the increasing role for intermediated finance in the modern economy.
Thus, in our opinion, one should view the financial intermediaries from an evolutionary perspective. They perform a crucial economic function in all times and in all places. However, the form they have changes with time and place. Maybe once they were giants, dinosaurs so to say, in the US.
Nowadays, they are no longer that powerful but they did not lose their key function, their economic niche. Instead, they evolved into much smaller and less visible types of business, just like the dinosaurs evolved into the much smaller omnipresent
There were plenty of other employes in that office. Of course I made friends with the other fellows, but the work I
,
they meant something. They were always changing. It was all I had to be interested in the changes. Why did they change? I didn't know. I didn't care. I didn't think about that. I simply saw that they changed. That was all I had to think about five hours every day and two on Saturdays: that they were always changing. That is how I first came to be interested in the behaviour of prices. I had a very good memory for figures. I could remember in detail how the prices had acted on the previous day, just before they went up or down. My fondness for mental arithmetic came in very handy.
I noticed that in advances as well as declines, stock other days. It was not long before I was anticipating movements in prices. My only guide, as I say, was their past performances. I carried the
"dope sheets" in my mind. I looked for stock prices to run on form. I had "clocked
fund revolution in the US – and elsewhere – is a typical example of the increasing role for intermediated finance in the modern economy.
Thus, in our opinion, one should view the financial intermediaries from an evolutionary perspective. They perform a crucial economic function in all times and in all places. However, the form they have changes with time and place. Maybe once they were giants, dinosaurs so to say, in the US.
Nowadays, they are no longer that powerful but they did not lose their key function, their economic niche. Instead, they evolved into much smaller and less visible types of business, just like the dinosaurs evolved into the much smaller omnipresent