Friday, July 26, 2013
Brazilian Tycoon Eike Batista Is No Longer A Billionaire
From Jesse Livermore:
Remember, it [the market] is designed to fool most of the people most of the time.
I have always fully understood that I am not the only one who knows that the stock market is the world's biggest gold mine, sitting at the foot of the island of Manhattan.
A gold mine that opens its doors every day and invites anyone and everyone in to plump its depths and leave with wheelbarrows full of gold bars, if they can and I have done it.
The gold mine is there all right, and every day somebody plumps its depths, and when the bell rings at the end of the day they have gone from pauper to prince, or gone from prince to supreme potentate, or gone stony broke.
And it's always there waiting.