“They would not if they had to deal only with the small speculators, such as you would like to be. If that were the case they would win nearly every time. But kings are the ones who break kings.”
“Oh, I see now,” said Bob. “There are a lot of ’em, and they jest go for each other. Is that it?”
“Yes, that is the way they do it.”
“Well, I guess you are right, then, Herbert—you and Tom.”
“I feel sure I am. Mr. Goldwin talked with me about it today, and told me never to speculate.”
“But he speculates,” said Bob, “and he is worth a lot of money.”
“Oh, no, never.”
“What’s he call himself a broker for, then?”
“Why, a broker is not necessarily a speculator. A broker is one who buys and sells stocks or bonds for some one else—for a speculator, and he gets his commission or pay for doing the business.”
“Well, I guess I was way off, Herbert. I thought all of them brokers was speculators, and I knew lots of ’em was solid with money.”