《股票作手回忆录·第九章·1907大恐慌·做空封神》第10节
I left Palm Beach for New York. On Monday I had to lie in St. Augustine three hours, waiting for a train. There was a broker’s office there, and naturally I had to see how the market was acting while I was waiting. Anaconda had broken several points since the last trading day. As a matter of fact, it didn’t stop going down until the big break that fall. I got to New York and traded on the bear side for about four months. The market had frequent rallies as before, and I kept covering and putting them out again. I didn’t, strictly speaking, sit tight. Remember, I had lost every cent of the three hundred thousand dollars I made out of the San Francisco earthquake break. I had been right, and nevertheless had gone broke. I was now playing safe--because after being down a man enjoys being up, even if he doesn’t quite make the top. The way to make money is to make it. The way to make big money is to be right at exactly the right time. In this business a man has to think of both theory and practice. A speculator must not be merely a student, he must be both a student and a speculator.
注释摘要
这段旅途中的插曲，是利弗莫尔整个做空战役从酝酿到全面展开的过渡。他离开棕榈滩的安逸，在圣奥古斯丁等火车的那三个小时，其实是一个投机者无法摆脱市场引力最生动的写照。哪怕在赶路的间隙，他仍然本能地走向经纪人办公室去看行情纸带，这不是贪婪，而是一种职业性的条件反射——就像水手无论在哪个港口上岸，都会先看看风向和潮汐。阿纳康达的持续下跌给了他进一步确认：熊市的力量…