A Writing To Be Framed, and Put In Every Trading Room!

Quote from RAMOUTAR:

Hey Plum,

You are one of the sharpest tools in the ET shed :) and that's why you caught me :eek: It does seem contradicting from your perspective, but "I" believe that it' such a wonderful and timeless piece of history. When I read it makes me more humble. When I hung it in my various office(s) over the years, some visitors actually got a real feeling for what my day is like in the markets....consider yourself "secure on a Garraway cliff, not having fished for gold and drowned." That's the silver lining in such a dark cloud. ;)

Always great chatting with you Plum! Good night.
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Hi Jai,

I've been on siesta for a couple of weeks.
One of the sharpest tools in the shed?........well, that's quite debatable I'm sure, nevertheless thanks for saying so.

Considering myself on the Garraway cliffs is a bit easier to do these days, but I've had my fair share of fishing for gold and drowning as well. (at least to the point of strangling and coughing a lot :D) Have I ever mentioned that I once thought that the markets should be rational?..... Be that as it may, I can rightfully claim to be a survivor of many a stormy sea. (some without - some within)

Perhaps, when my cliff sitting days.... *far*....outnumber my leaky boat days....I will no longer be drawn to focus on the negative. :)

Best regards,

plumlazy
 
Quote from RAMOUTAR:

"Subscribers here by thousands float,
And jostle one another down,
Each paddling in his leaky boat,
And here they fish for gold and drown.

Now buried in the depths below,
Now mounted up to heaven again,
They reel and stagger to and fro,
At their wit's end, like drunken men.

Meantime, secure on Garraway cliffs,
A savage race, by shipwrecks fed,
Lie waiting for the foundered skiffs,
And strips the bodies of the dead."


This was Mr. Swift's exclamation and comparison of Change Alley to a gulf in the South Sea.

Quoted from "Extraordinary Popular Delusions and the Madness of Crowds" , published in 1841.

Jesse Livermore read this book and then wrote his.



This, to me is the embodiment of a monthly chart of the NDX.
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Well, are you sure Livermore read the book?
 
I wonder why people think that Jesse Livermore was so cool,that his name is constantly brought up years after he commited suicide at a young age. I have read that he died broke, and did a poor job in his personal life.
 
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