I was working in the same office with my Dad as I listened to his half of a telephone call. A.R. (Red) Elam, Sr. was trading for some oilfield pipe.
If the trade occurred, he would dispatch an A.R. Elam Trucking Co. driver and a swamper to load the pipe.
I listened for several minutes. I couldn’t hear the other end of the conversation but I heard Dad’s quoted numbers rise and fall. Finally Dad said, “Okay. It’s a deal.” After Dad hung up, he turned to me, grinned and said “You know, I taught that young man how to trade.”
I brightened. “Dad, I’m a young man. I would like for you to teach me how to trade.”
“Son, I can’t teach you how to trade.”
“Dad, I know I’m hard-headed, but I really would like to learn. I’ll do whatever you say….”
Red Elam stopped me. “Son, I can’t teach you how to trade. We’re related.”