Sunday, December 26, 2010

Farewell kindred spirit Roy R. Neuberger:

"'My experience on Wall Street made it possible for me to be comfortable buying a lot of art at once,' he later wrote. 'In my investment firm, when we like a security after careful analysis, we buy a modest quantity. Sometimes after the purchase, we will find that we like it very much. If a large quantity of the stock then becomes available, and we are still enthusiastic about its value and its future, we will buy in quantity quickly, even though the day before we had no such plan and no knowledge that the stock would be available.'

'The same principle,' he added, 'applied to my purchase of [...] paintings. . . .'"

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