Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: May 24, 2025
He was interested in the economy because his small savings were mostly in the stock market. He picked up a copy of Trader Vic Methods of a Wall Street Master by Victor Sperandeo. By the time he chose a tape of slack key guitar by Cyril Pahinui, Gabby's son, it was dark. On his way out, he averted his eyes from the cooking section, but he needn't have; the woman was gone.
Joe had read other books about the market. There were many different approaches and specialties: day trading, intermediate and long term investing, stocks, bonds, currencies, and commodities. Sperandeo was someone he could relate to personally, a maverick. There were other market gurus who made sense to him John Train and Warren Buffett, especially.
They espoused a long-term strategy: think before you buy, and then, once having bought, continue to buy on dips and hold unless the company changed fundamentally for the worse. Sperandeo was more of a trader. Joe was torn between the two approaches. Discount brokerages had just become available on the Internet; one could trade without having to actually live in New York.
Gains more than compensate for losses, if the losses are strictly limited. Furthermore, Victor Sperandeo had cautioned never to give back more than half your profits they are too hard to come by. At one point Joe had been $32,000 ahead. It hurt to remember. If you are a long term investor, on the other hand, you must know that the company is sound.
Word Of The Day
Others Looking