Chapter 13: The Big Short - Betting Against the Market
Chapter 13 of Reminiscences with audio narration
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Chapter 13
Chapter XIII There I was, once more broke, which was bad, and dead wrong in my trading, which was a sight worse. I was sick, nervous, upset and unable to reason calmly. That is, I was in the frame of mind in which no speculator should be when he is
Chapter 12: Comeback Trail - Rising from the Ashes
Chapter 12 of Reminiscences with audio narration
Chapter 12
Chapter XII Not long after I closed my July cotton deal more successfully than I had expected I received by mail a request for an interview. The letter was signed by Percy Thomas. Of course I immediately answered that I’d be glad to see him at my office at
Chapter 11: The Panic of 1907 - Riding the Crash
Chapter 11 of Reminiscences with audio narration
Chapter 11
Chapter XI And now I’ll get back to October, 1907. I bought a yacht and made all preparations to leave New York for a cruise in Southern waters. I am really daffy about fishing and this was the time when I was going to fish to my heart’s
Chapter 10: Bear Raiding - The Other Side of the Trade
Chapter 10 of Reminiscences with audio narration
Chapter 10
Chapter X The recognition of our own mistakes should not benefit us any more than the study of our successes. But there is a natural tendency in all men to avoid punishment. When you associate certain mistakes with a licking, you do not hanker for a second dose, and, of
Chapter 9: The Cotton King - Cornering a Market
Chapter 9 of Reminiscences with audio narration
Chapter 09
Chapter IX I cruised off the coast of Florida. The fishing was good. I was out of stocks. My mind was easy. I was having a fine time. One day off Palm Beach some friends came alongside in a motor boat. One of them brought a newspaper with him. I
Chapter 8: Market Psychology - Understanding the Crowd
Chapter 8 of Reminiscences with audio narration
Chapter 08
Chapter VIII The Union Pacific incident in Saratoga in the summer of 1906 made me more independent than ever of tips and talk--that is, of the opinions and surmises and suspicions of other people, however friendly or however able they might be personally. Events, not vanity, proved for me that