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Updated: May 19, 2025
The long upward trend of fundamental progress, however, gave rise to over-optimism as to profits, which translated itself into a wave of uncontrolled speculation in securities, resulting in the diversion of capital from business to the stock market and the inevitable crash.
Lady Clifford asked quickly. He shrugged his heavy shoulders in a weary fashion. "My dear lady, I only want to warn you against over-optimism. One mustn't allow oneself to forget Sir Charles's age and the fact that he has been in bad health for some time. Weakened as he is now, any shock, however slight might do irreparable harm. However, there is no reason for alarm."
The long upward trend of fundamental progress, however, gave rise to over-optimism as to profits, which translated itself into a wave of uncontrolled speculation in securities, resulting in the diversion of capital from business to the stock market and the inevitable crash.
Win had often tried to check her tendency to over-optimism by telling herself that neither Mr. Burritt nor Mr. Noble might have work to give. If they had nothing to offer, they would certainly introduce Miss Child to some one who had. It had never occurred to her that they might thoughtlessly have died or gone elsewhere. This was indeed being alone in New York!
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