My good friend Andy has an excellent blog post on lending and the American dream. I can't help but be reminded of a passage from the excellent memoir Thomas Mellon and His Times.
Thomas Mellon is the founder of Mellon Bank.The book, written in 1885, holds valuable lessons for todays business people. Below, I have posted an excerpt on Credit Bubbles in the 19th century.
This is the personal blog of Emory Redd.
This blog is not investment advice. This is not a solicitation to invest. Don't take candy from strangers.
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