《股票作手回忆录·第五章·赚大钱靠坐得住·老火鸡》第3节

回忆录 · 第3章 · 第3节

I didn’t mean to get off the track like that, but I can’t help it when I think of my first few years in Wall Street. I know now what I did not know then, and I think of the mistakes of my ignorance because those are the very mistakes that the average stock speculator makes year in and year out. After I got back to New York to try for the third time to beat the market in a Stock Exchange house I traded quite actively. I didn’t expect to do as well as I did in the bucket shops, but I thought that after a while I would do much better because I would be able to swing a much heavier line. Yet, I can see now that my main trouble was my failure to grasp the vital difference between stock gambling and stock speculation. Still, by reason of my seven years’ experience in reading the tape and a certain natural aptitude for the game, my stake was earning not indeed a fortune but a very high rate of interest. I won and lost as before, but I was winning on balance. The more I made the more I spent. This is the usual experience with most men. No, not necessarily with easy-money pickers, but with every human being who is not a slave of the hoarding instinct. Some men, like old Russell Sage, have the money-making and the money-hoarding instinct equally well developed, and of course they die disgustingly rich.

注释摘要

利弗莫尔在这里突然刹住车,承认自己刚才讲图表、讲那个法国人时离题了,这句话本身就透着股老派回忆录的率真。但他马上说,他一想到早年在华尔街的日子就收不住嘴。这个细节很要紧。这整本书的结构,就是一位饱经沧桑的作手在回顾自己一生时,不断在叙事和反思之间跳跃。他不是在按时间线死板地讲履历,而是在提炼那些让他付出过代价的道理。所以当他说“我现在知道了我当时不知道的事…