CHAPTER XXXV. WALL STREET POINTS OF VIEW. A collection of Wall Street aphorisms, maxims, truisms, proverbs, opinions and points of view, follows: Hear-say is half lies. Little and often fills the purse. By the husk you may guess at the nut. The rich man does not know who is his friend. A man gets no thanks for what he loses at play. They who live in a worry invite death in a hurry. Soft words and hard arguments catch the investor. Put your eggs in one basket and watch the basket. Every time the sheep bleats it loseth a mouthful. The rich are meanest when they buy small things. The rich man is apt to be more generous than just. He swears who is accustomed to his own false words. Money easily made, easily goes; easy come, easy go. If you do not hear reason, she will rap your knuckles. He who prates of his wisdom doth but conceal an ass. Provide for the worst; the best will take care of itself. It is an old maxim that accidents usually help the bears. Lend money without bond and you but make an enemy. The advice of successful men only is worth application. A man with long hair is generally rash and impetuous. A man must make his opportunity as often as he finds it. Things in motion sooner catch the eye than what not stirs. He who sells what isn't his'n, must buy it back or go to pris'n. Sell and borrow only those stocks which have a wide market. Some had rather guess at much than take pains to learn a little. Men of wit and facts never need be driven to indirect courses, To estimate a man's wealth, divide the gossip estimates by four. To grasp an opportunity with firm decision marks an able man. After advancing markets, and prices waver, lower prices will come. When prices are high, or there is a declining tendency, sell on rallies. Much money made before twenty is apt to be lost in the reign of plenty. He is rich enough who has no debts, and young enough who has health. "Early information” and a big bank account will be the ruin of any man. Moderate riches will carry you; if you have more, you must carry them. The success of a manipulated market depends largely on sustained activity. It is idle to wait for your ship to come in unless you have sent one out. When prices close weak without support, a rally will be in order next morning. He who takes no care of little things will not have the care of great ones. When prices are low, or there is an advancing tendency, buy on fair concessions. A lordly taste makes a beggar's purse; a champagne aptite but a purse for beer. |