《股票作手回忆录·第一章·少年与行情板》第4节
That is how I first came to take an interest in the message of the tape. The fluctuations were from the first associated in my mind with upward or downward movements. Of course there is always a reason for fluctuations, but the tape does not concern itself with the why and wherefore. It doesn’t go into explanations. I didn’t ask the tape why when I was fourteen, and I don’t ask it to-day, at forty. The reason for what a certain stock does to-day may not be known for two or three days, or weeks, or months. But what the dickens does that matter? Your business with the tape is now--not to-morrow. The reason can wait. But you must act instantly or be left. Time and again I see this happen. You’ll remember that Hollow Tube went down three points the other day while the rest of the market rallied sharply. That was the fact. On the following Monday you saw that the directors passed the dividend. That was the reason. They knew what they were going to do, and even if they didn’t sell the stock themselves they at least didn’t buy it. There was no inside buying; no reason why it should not break.
注释摘要
这段文字出自杰西·利弗莫尔化名拉里·利文斯顿的回忆录，由财经记者埃德温·勒菲弗执笔。利弗莫尔本人是二十世纪初期华尔街最具传奇色彩的投机者，经历四起四落，最终在1940年破产后自杀。这部作品经过文学加工，以第一人称“我”来呈现，融合了利弗莫尔的真实经历与勒菲弗的叙事技巧，因此不能简单把它当作完全真实的交易日志，而应看作一部经过淬炼的人性剧。 在1900年代的…