A minority investment, even though it be as low as ten or twenty per cent, usually constitutes a dominating influence if held by a single interest, for in most cases the majority of the shares will be owned in small blocks by thousands of investors who never combine for a definite, practical purpose.
More Quotes from John Moody:
The Erie Railroad system was foreshadowed in the time of Queen Anne, when the Colony of New York appropriated the sum of five hundred dollars to John Smith and other persons for the purpose of constructing a public road connecting the port of New York with the West in the vicinity of the Great Lakes.John Moody
But the great miracle of the nineteenth century-the building of a new nation... and diffusing among them the necessities and comforts of civilization to a greater extent than the world had ever known before is explained by the development of harvesting machinery and of the railroad.
John Moody
For many years following 1851, Drew, who owned or controlled nearly one-half the stock of the Erie, appeared to think that his office of treasurer carried with it the right to manipulate the stock of the road at any time it might help his pocketbook to do so.
John Moody
As the contest proceeded, public interest increased and the entire country watched to see which company would win the big government subsidies through the mountains.
John Moody
The Vanderbilt family no longer possesses a majority interest in the stock, or anything which approaches it, and the New York Central system and its subsidiaries have come to be known more and more as Morgan properties.
John Moody
But while at Pittsburgh the road had everything to favor it... in the great Eastern metropolis the Pennsylvania Railroad was at an obvious disadvantage, particularly as compared with the New York Central, which had its splendid terminal rights penetrating to the heart of the city.
John Moody
Readers Who Like This Quotation Also Like:
Based on Topics: Investment Quotes, Majority & Minority Quotes, Purposes QuotesAlthough I managed my schedule to be home by late afternoon most days, basically, Roselle raised our children alone. And so I missed out on a lot of wonderful moments, missed watching my kids grow into the wonderful people they are today.
Perry Como
I don't like people looking at me; I hate the attention.
Cathy Freeman
So far, Indian companies have focused more on customer application. This needs to shift to packaged software for sectors such as banking and financial services.
Sanjay Kumar