Chapter 7: Giving It All Back - Hubris and Humility
Chapter 7 of Reminiscences with audio narration
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Chapter 07
Chapter VII I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up. I don’t mean of course
Chapter 6: The First Big Score - Vindication
Chapter 6 of Reminiscences with audio narration
Chapter 06
Chapter VI In the spring of 1906 I was in Atlantic City for a short vacation. I was out of stocks and was thinking only of having a change of air and a nice rest. By the way, I had gone back to my first brokers, Harding Brothers, and my
Chapter 5: Pattern Recognition - Seeing What Others Miss
Chapter 5 of Reminiscences with audio narration
Chapter 05
Chapter V The average ticker hound--or, as they used to call him, tape-worm--goes wrong, I suspect, as much from over-specialization as from anything else. It means a highly expensive inelasticity. After all, the game of speculation isn’t all mathematics or set rules, however rigid the main laws may be.
Chapter 4: The Big Board - Moving to Wall Street
Chapter 4 of Reminiscences with audio narration
Chapter 04
Chapter IV Well, I went home. But the moment I was back I knew that I had but one mission in life and that was to get a stake and go back to Wall Street. That was the only place in the country where I could trade heavily. Some day,
Chapter 3: Reading the Tape - The Language of the Market
Chapter 3 of Reminiscences with audio narration
Chapter 03
Chapter III It takes a man a long time to learn all the lessons of all his mistakes. They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right
Chapter 2: First Lessons in Loss - Learning the Hard Way
Chapter 2 of Reminiscences with audio narration
Chapter 02
Chapter II Between the discovery that the Cosmopolitan Stock Brokerage Company was ready to beat me by foul means if the killing handicap of a three-point margin and a point-and-a-half premium didn’t do it, and hints that they didn’t want my business anyhow, I soon made up my