Thanks Mr Dividend, good read.
The plain fact was that I was reading too much, trying to do too much.
That is why I rapidly reached the stage where I could read the
figures on the stock market quotations but they no longer told me
anything.
When I was abroad, I visited no boardrooms, talked to no one, received no telephone calls,
watched no ticker.
At 7 P.M. I start to work studying my daily telegram and deciding
what my future dealings will be.
It began to be a strange life. I sat in the Plaza every evening, reading my
telegram and filing it. There was nothing further I could do. I felt elated
and restless, but powerless. I was like a scientist who, after years of
work and research, has successfully launched a rocket to the moon, and
now as he tracks it climbing higher and higher he has a tremendous
sense of achievement and also a strange let down feeling of inactivity.
The answer this time was easy. It was the old tried and trusted answer: I
did not have any reason to sell a rising stock. I would just continue to
jog along with the trend, trailing my stop-loss behind me. As the trend
increased, I would buy more. If the trend reversed? I would, as ever,
flee like a disturbed burglar.
I was working while Wall Street slept.
