Rand Stock Quotes

Her leg, sculptured by the tight sheen of the stocking, its long line running straight, over an arched instep, to the tip of a foot in a high-heeled pump, had a feminine elegance that seemed out of place in the dusty train car...

You who prattle that morality is social and that man would need no morality on a desert island—it is on a desert island that he would need it most. Let him try to claim, when there are no victims to pay for it, that a rock is a house, that sand is clothing, that food will drop into his mouth without cause or effort, that he will collect a harvest tomorrow by devouring his stock seed today—and reality will wipe him out, as he deserves; reality will show him that life is a value to be bought and that thinking is the only coin noble enough to buy it. “If I were to speak your kind of language, I would say that man’s only moral commandment is: Thou shalt think. But a ‘moral commandment’ is a contradiction in terms. The moral is the chosen, not the forced; the understood, not the obeyed. The moral is the rational, and reason accepts no commandments. “My morality, the morality of reason, is contained in a single axiom: existence exists—and in a single choice: to live. The rest proceeds from these. To live, man must hold three things as the supreme and ruling values of his life: Reason—Purpose—Self-esteem. Reason, as his only tool of knowledge—Purpose, as his choice of the happiness which that tool must proceed to achieve—Self-esteem, as his inviolate certainty that his mind is competent to think and his person is worthy of happiness, which means: is worthy of living. These three values imply and require all of man’s virtues, and all his virtues pertain to the relation of existence and consciousness: rationality, independence, integrity, honesty, justice, productiveness, pride.

when I took over my father’s business, when I began to deal with the whole industrial system of the world, it was then that I began to see the nature of the evil I had suspected, but thought too monstrous to believe. I saw the tax-collecting vermin that had grown for centuries like mildew on d’Anconia Copper, draining us by no right that anyone could name—I saw the government regulations passed to cripple me, because I was successful, and to help my competitors, because they were loafing failures—I saw the labor unions who won every claim against me, by reason of my ability to make their livelihood possible—I saw that any man’s desire for money he could not earn was regarded as a righteous wish, but if he earned it, it was damned as greed—I saw the politicians who winked at me, telling me not to worry, because I could just work a little harder and outsmart them all. I looked past the profits of the moment, and I saw that the harder I worked, the more I tightened the noose around my throat, I saw that my energy was being poured down a sewer, that the parasites who fed on me were being fed upon in their turn, that they were caught in their own trap—and that there was no reason for it, no answer known to anyone, that the sewer pipes of the world, draining its productive blood, led into some dank fog nobody had dared to pierce, while people merely shrugged and said that life on earth could be nothing but evil. And then I saw that the whole industrial establishment of the world, with all of its magnificent machinery, its thousand-ton furnaces, its transatlantic cables, its mahogany offices, its stock exchanges, its blazing electric signs, its power, its wealth—all of it was run, not by bankers and boards of directors, but by any unshaved humanitarian in any basement beer joint, by any face pudgy with malice, who preached that virtue must be penalized for being virtue, that the purpose of ability is to serve incompetence, that man has no right to exist except for the sake of others. .

She was looking at him, her eyes dark with an odd, lifeless stillness; when she spoke, the motion of her lips was twisted by so evil a contempt that he did not dare identify it beyond knowing that it embraced them both; she said, “I know that you’d like to do it.” He felt no desire to pretend; oddly, for the first time, for this one chance, truth seemed much more pleasurable—truth, for once, serving his particular kind of enjoyment. “I think you know that it can’t be done,” he said. “Nobody does favors nowadays, if there’s nothing to gain in return. And the stakes are getting higher and higher. The gopher holes, as you called them, are so complex, so twisted and intertwisted that everybody has something on everybody else, and nobody dares move because he can’t tell who’ll crack which way or when. So he’ll move only when he has to, when the stakes are life or death—and that’s practically the only kind of stakes we’re playing for now. Well, what’s your private life to any of those boys? That you’d like to hold your husband—what’s in it for them, one way or another? And my personal stock-in-trade—well, there’s nothing I could offer them at the moment in exchange for trying to blast a whole court clique out of a highly profitable deal. Besides, right now, the top boys wouldn’t do it at any price.

The men at the Division Headquarters of Taggart Transcontinental avoided looking at one another, when the break of the telephone line was discovered and reported. They made statements painfully miscalculated to seem to refer to the problem, yet to state nothing, none fooling the others. They knew that copper wire was a vanishing commodity, more precious than gold or honor; they knew that the division storekeeper had sold their stock of wire weeks ago, to unknown dealers who came by night and were not businessmen in the daytime, but only men who had friends in Sacramento and in Washington—just as the storekeeper, recently appointed to the division, had a friend in New York, named Cuffy Meigs, about whom one asked no questions. They knew that the man who would now assume the responsibility of ordering repairs and initiating the action which would lead to the discovery that the repairs could not be made, would incur retaliation from unknown enemies, that his fellow workers would become mysteriously silent and would not testify to help him, that he would prove nothing, and if he attempted to do his job, it would not be his any longer. They did not know what was safe or dangerous these days, when the guilty were not punished, but the accusers were; and, like animals, they knew that immobility was the only protection when in doubt and in danger. They remained immobile; they spoke about the appropriate procedure of sending reports to the appropriate authorities on the appropriate dates.

Minnesota, Eddie,” said Dagny grimly, closing the drawer of her special file. “Tell the Minnesota Division to ship half their stock of wire to Montana.” “But good God, Dagny!—with the peak of the harvest rush approaching—” “They’ll hold through it—I think. We don’t dare lose a single supplier of copper.” “But I have!” screamed James Taggart, when she reminded him once more. “I have obtained for you the top priority on copper wire, the first claim, the uppermost ration level, I’ve given you all the cards, certificates, documents and requisitions—what else do you want?” “The copper wire.” “I’ve done all I could! Nobody can blame me!

Dagny, everybody knows it. Everybody knows how train schedules have been run in the past three weeks, and why some districts and some shippers get transportation, while others don’t. What we’re not supposed to do is say that we know it. We’re supposed to pretend to believe that ‘public welfare’ is the only reason for any decision—and that the public welfare of the city of New York requires the immediate delivery of a large quantity of grapefruit.” He paused, then added, “The Director of Unification is sole judge of the public welfare and has sole authority over the allocation of any motive power and rolling stock on any railroad anywhere in the United States.

People are stealing nuts and bolts out of rail plates, Miss Taggart, stealing them at night, and our stock is running out, the division storehouse is bare, what are we to do, Miss Taggart?” But a super-color-four-foot-screen television set was being erected for tourists in a People’s Park in Washington—and a super-cyclotron for the study of cosmic rays was being erected at the State Science Institute, to be completed in ten years. “The trouble with our modern world,” Dr. Robert Stadler said over the radio, at the ceremonies launching the construction of the cyclotron, “is that too many people think too much. It is the cause of all our current fears and doubts. An enlightened citizenry should abandon the superstitious worship of logic and the outmoded reliance on reason. Just as laymen leave medicine to doctors and electronics to engineers, so people who are not qualified to think should leave all thinking to the experts and have faith in the experts’ higher authority. Only experts are able to understand the discoveries of modern science, which have proved that thought is an illusion and that the mind is a myth.” “This age of misery is God’s punishment to man for the sin of relying on his mind!” snarled the triumphant voices of mystics of every sect and sort, on street corners, in rain-soaked tents, in crumbling temples. “This world ordeal is the result of man’s attempt to live by reason! This is where thinking, logic and science have brought you! And there’s to be no salvation until men realize that their mortal mind is impotent to solve their problems and go back to faith, faith in God, faith in a higher authority!

In Minnesota, they were seizing cars from every siding, from the Mesabi Range, from the ore mines of Paul Larkin where the cars had stood waiting for a dribble of iron. They were pouring wheat into ore cars, into coal cars, into boarded stock cars that went spilling thin gold trickles along the track as they clattered off. They were pouring wheat into passenger coaches, over seats, racks and fixtures, to send it off, to get it moving, even if it went moving into trackside ditches in the sudden crash of breaking springs, in the explosions set off by burning journal boxes. They fought for movement, for movement with no thought of destination, for movement as such, like a paralytic under a stroke, struggling in wild, stiff, incredulous jerks against the realization that movement was suddenly impossible. There were no other railroads: James Taggart had killed them; there were no boats on the Lakes: Paul Larkin had killed them. There was only the single line of rail and a net of neglected highways. The trucks and wagons of waiting farmers started trickling blindly down the roads, with no maps, no gas, no feed for horses—moving south, south toward the vision of flour mills awaiting them somewhere, with no knowledge of the distances ahead, but with the knowledge of death behind them—moving, to collapse on the roads, in the gullies, in the breaks of rotted bridges. One farmer was found, half a mile south of the wreck of his truck, lying dead in a ditch, face down, still clutching a sack of wheat on his shoulders. Then rain clouds burst over the prairies of Minnesota; the rain went eating the wheat into rot at the waiting railroad stations; it went hammering the piles spilled along the roads, washing gold kernels into the soil.

The pamphlet explained that a common stock purchase warrant is a security issued by a company that gives the owner the right to buy stock at a specified price, known as the exercise price, on or before a stated expiration date. For instance, in 1964 a Sperry Rand warrant entitled the holder to purchase one share of common stock for $28 until September 15, 1967. On this final day, if the stock trades above that price, you can use one warrant plus $28 to buy one share of stock. This means the warrant is worth the amount by which the stock price exceeds $28. However, if the stock price is below $28, it is cheaper to buy the stock outright, in which case the warrant is worthless. A warrant, like a lottery ticket, was always worth something before it expired even if the stock price was very low, if there was any chance the stock price could move above the exercise price and put the warrant “into the money.” The more time left, and the higher the stock price, the more the warrant was likely to be worth.

Some lead by example, like Rand Fishkin of Moz (formerly SEOmoz), who says his goal is to create a hundred new millionaires — then issued additional stock grants for every Moz employee as a part of the Series B funding, directly out of his personal holdings, to ensure that a financing round wouldn’t be dilutive.

Their goal is to improve upon the rate of return that would have been achieved through putting the money into public stocks, bonds, or other investment vehicles. The target is 12 percent annual growth, which, over the life of a ten-year fund, means returning three times the fund size (e.g., $300 million on a $100 million fund).

Money changes everything. In Billionaires, a book by political scientist Darrell West, one member of the three-comma club brought up his “get-a-senator” strategy—a handy tactic, given that a lone senator can block objectionable legislation or pull strings on a favored donor’s behalf. West recalls how Senator Rand Paul held up Senate action for years on a treaty that would have forced Swiss banks to reveal the names of twenty-two thousand wealthy Americans who had assets stashed in overseas accounts, presumably to evade taxes. (An invasion of privacy, Paul insisted.) In another case, a billionaire hedge fund manager persuaded Democratic senator Edward Markey to write a letter to the SEC calling for an investigation of Herbalife, a multilevel marketing company the financier suspected of fraud, and whose stock he also happened to be short-selling. The effort paid off. After Markey’s letter was made public, Herbalife’s share price plummeted 14 percent.

She was sometimes called “the female Arthur Godfrey,” combining a down-home charm with a keen and astute interviewing style. Her voice was “girlish, hesitant, often bewildered,” in the opinion of Life magazine. Her stock in trade was innocence: “she preserved the air of a little girl lost in the big city,” but managed to draw from the rich and famous revealing anecdotes and warm insights. She interviewed more than 1,200 people, from Sally Rand and Harry Truman to the Grand Lama of Tibet. Mary Margaret McBride was born in 1899, and she came to radio after a career in letters. She wrote several books in the 1920s and was one of the country’s best-paid article writers until the Depression arrived and demolished her markets.