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To: Monty Lenard who wrote (86492)3/27/2001 6:04:12 PM
From: patron_anejo_por_favor  Read Replies (3) | Respond to of 436258
 
<<Jessie Livermore was the one that said the first and last 1/8 point was the most expensive you will ever own.>>

I guess he went bust trying to chase that elusive first 1/8....just like many are doing today, in "calling bottoms"...<G>

Still, a sad end for the guy (he committed suicide after going bust in the depression). Ironically, he did extremely well in the Crash of '29 itself (he was nuclear short). He was a rogue, but his book may be the single best ever written on market speculation.

amazon.com



To: Monty Lenard who wrote (86492)3/27/2001 8:41:28 PM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
Just for the record and because it's such a beautiful quote:

One of the most helpful things that anybody can learn is to give up trying to catch the last eighth-or the first. These two are the most expensive eighths in the world.


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