Quote from jack hershey:
Let me explain those 53 years a little more precisely.
I read one book.
I began to trade almost immediately with 300 bucks.
I did not have losing trades as I began and I used to have to draw my own charts day after day. focussing on creating the charts is what speeded up my learning mostly.
the two of us who worked at this also taught about 20 ther IBM employees to do what we did. Teaching taught us a lot also.
Our pencilled charts were done on brownlines so they could be copied as blue prints or other brownlines.
All of this happened right from the beginning and all in 1957; there was no learning curve. I was considered an expert in less than four months; MLPF&B coattailed all of my trades, nationally, by that time. They paid fines of six digits for lying to the public.(SEC imposed)
I bought my first sports Mercedes in Kopenhagen (a new 1960 model). By that time my salary was smaller than my weekly commissions and fees.
I stopped working in 1962 and moved to Greenwich, Conn where I began my sailboat racing career with a Swedish boat I purchased (US122).
I moved to Switzerland in time for the 7 days war (1967)
Later, I moved to Bucks County PA where I purchased a 1759 pre colonial home. My second child was born there in 1968.
The one time I consulted in the finance industry was while in Greenwich and I was paid, portal to portal, in low three digits per hour. I declined a partnership.
