《股票作手回忆录·第五章·赚大钱靠坐得住·老火鸡》第8节
This semisucker is the type that thinks he has cut his wisdom teeth because he loves to buy on declines. He waits for them. He measures his bargains by the number of points it has sold off from the top. In big bull markets the plain unadulterated sucker, utterly ignorant of rules and precedents, buys blindly because he hopes blindly. He makes most of the money--until one of the healthy reactions takes it away from him at one fell swoop. But the Careful Mike sucker does what I did when I thought I was playing the game intelligently--according to the intelligence of others. I knew I needed to change my bucket-shop methods and I thought I was solving my problem with any change, particularly one that assayed high gold values according to the experienced traders among the customers.
注释摘要
这段文字是利弗莫尔借自己在富勒顿公司交易初期的教训，描摹出一幅投机者心态的肖像画。他在这里划分的不是资金量级，而是认知的层级，而划分的标准恰恰是人如何看待自己的“聪明”。 先讲他笔下的第一种人，那个“纯粹的、不掺假的赌徒”。这种人什么规则都不懂，什么先例都不研究，他买股票只是因为盲目地抱有希望。利弗莫尔给这个群体下了一个非常反直觉的判断：在大牛市里，偏偏是…