P. G. Wodehouse Quotes
Back horses or go down to Throgmorton Street and try to take it away from the Rothschilds, and I will applaud you as a shrewd and cautious financier. But to bet at golf is pure gambling.
Wodehouse, P. G. The Heart of a Goof. Herbert Jenkins, 1926, p. 45.
The military had made a mess of the Argentine economy and inflation was rampant. Some Argentines turned their Argentine pesos into dollars betting that the Argentine economic situation would get worse, This run from the peso would make it worse. If Argentina stabilized the peso, speculators in dollars would lose money. The Minister trying to discourage a run from the peso, warned Argentinians against the dollar investment. A days later the dollar went up over 30%. Those who had listened to the minister lost much of their money, He was soon forced to resign by the military dictators who controlled the government.
Sir Pelham Grenville Wodehouse, KBE was an English author and one of the most widely read humorists of the 20th century. Born in Guildford, the third son of a British magistrate based in Hong Kong, Wodehouse spent happy teenage years at Dulwich College, to which he remained devoted all his life. After leaving school he was employed by a bank but disliked the work and turned to writing in his spare time. His early novels were mostly school stories, but he later switched to comic fiction, creating several regular characters who became familiar to the public over the years. They include the feather-brained Bertie Wooster and his sagacious valet, Jeeves; the immaculate and loquacious Psmith; Lord Emsworth and the Blandings Castle set; the Oldest Member, with stories about golf; and Mr Mulliner, with tall tales on subjects ranging from bibulous bishops to megalomaniac movie moguls.
