How do I add a read more link at the end of a paragraph?

Question

I am trying to add a link to read more text at the end of a paragraph. I would like this link to display within the paragraph at the end like so:

Answer 1

I did a web search and found this plugin: http://dotdotdot.frebsite.nl/.

I guess that doesn't really answer your question, just points you in the direction of a possible solution. It seems this plugin allows you to do what you want: truncate the text when it exceeds a fixed-height container, add a 'read more' link, and bind your own custom function to the 'read more' link.