Prices, like everything else, move along the line of least resistance. A loss never bothers me after I take it…But being wrong-not taking the loss-that is what does the damage to the pocketbook and to the soul. Losing money is the least of my troubles. They beat themselves, because though they have brains they cannot sit tight.Īfter spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. That is why so many men in Wall Street…nevertheless lose money. Remember that stocks are never too high for you to begin buying or too low to begin selling.Ī man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. ![]() That was what my conservatism did for me. Where I should have made twenty thousand I made two thousand. But neither do you grow rich taking a four-point profit in a bull market. ![]() They say you can never go poor taking profits. ![]() Getting sore at the market doesn’t get you anywhere. I never lose my temper over the stock market. The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among professionals. Whatever happens in the stock market today has happened before and will happen again. There can’t be because speculation is as old as the hills. ![]() Reminiscences of a Stock Operator E-Kitap Açıklaması
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