I have, which will surprise you not a little, been speculating — partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year … [and which] are forced up to quite an unreasonable level and then, for the most part, collapse…In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again.
It’s a type of operation that makes small demands on one’s time, and it’s worthwhile running some risk in order to relieve the enemy of his money.
Had I had the money during the past 10 days, I’d have made a killing on the Stock Exchange here…
The time has come again when, with wit and very little money, it’s possible to make money in London.
I have, which will surprise you not a little, been speculating — partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year … [and which] are forced up to quite an unreasonable level and then, for the most part, collapse…In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again.
It’s a type of operation that makes small demands on one’s time, and it’s worthwhile running some risk in order to relieve the enemy of his money.
Had I had the money during the past 10 days, I’d have made a killing on the Stock Exchange here…
The time has come again when, with wit and very little money, it’s possible to make money in London.
Marx
Do you have the source for this?
https://www.marxists.org/archive/marx/works/1864/letters/index.htm
Its quoted everywhere, but I think its in here as I found the date to be 1864, unforutnatly it seems copyright stricken.
Its a letter to ‘Lion Philip’ - 1864
I will keep looking for a proper source.
It is on page 186-187 of this book, which has all the letters of Marx
“From letter to Lion Philips (in Zalt-Bommel) London, June 25, 1864”
Here it is in Prolewiki