《股票作手回忆录·第一章·少年与行情板》第3节
Another lesson I learned early is that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market to-day has happened before and will happen again. I’ve never forgotten that. I suppose I really manage to remember when and how it happened. The fact that I remember that way is my way of capitalizing experience. I got so interested in my game and so anxious to anticipate advances and declines in all the active stocks that I got a little book. I put down my observations in it. It was not a record of imaginary transactions such as so many people keep merely to make or lose millions of dollars without getting the swelled head or going to the poorhouse. It was rather a sort of record of my hits and misses, and next to the determination of probable movements I was most interested in verifying whether I had observed accurately; in other words, whether I was right. Say that after studying every fluctuation of the day in an active stock I would conclude that it was behaving as it always did before it broke eight or ten points. Well, I would jot down the stock and the price on Monday, and remembering past performances I would write down what it ought to do on Tuesday and Wednesday. Later I would check up with actual transcriptions from the tape.
注释摘要
这段话落在第一章靠后的位置，但它其实说出了利弗莫尔整个投机生涯里最根本的一条信念：太阳底下没有新鲜事，华尔街今天发生的一切，以前都发生过，以后还会再发生。他在这里不是在卖弄智慧，而是在交代他是怎么看市场的——不是看新闻，不是听故事，不是研究基本面，而是死死盯住价格本身的重复模式。这种想法在1900年代是非常前卫的，因为那时候绝大多数人买卖股票，靠的是消息、…