Episodes

2 days ago
2 days ago
Mr. Stuart Ames, a stock market advisor, is in his office when one of his clients, Mr. Leroy, pays a visit. He says "I want to talk to you, Ames". Ames says "Oh, it's you Mr. Leroy. How are you?" Leroy says "I'll let you know in a little while, as soon as I close this door so we can have some privacy. Three months ago you urged me to buy 10,000 shares of White Willow Refineries". Ames says "I wouldn't say I urged you, I pointed out that the company was in good financial shape and had excellent possibilities. A merger was planned, and if it had gone through the shares would have been split, two for one". Leroy says "Yes, I know that's what you told me, but there was no merger and the stock is off 15 points from what I paid for it. You knew White Willow was a dog stock when you put me in it. I've lost 150,000, all the money I had in the world". Ames says "Oh, look here Mr. Leroy, you can't be blaming me for that". Leroy says "I mortgaged everything I own and went into debt to buy that stock. I'm broke Ames. If I sold that stock now, I couldn't get enough money to pay my debts". Ames says "I'm really sorry, Mr. Leroy, but there isn't anything I can possibly do about it". Leroy says "Well, there's something I can do about it. You don't think I'm going to take a loss like that lying down do you? Oh no, somebody's gonna take it lying down, but it won't be me".
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