Times are tough, banks are failing, the government is bailing out everyone but the common guy and Madoff is the new Ponzi. With all of this in mind, nothing is new on Wall Street. We’ve been through this before and will come out the other end, one way or another. The question is: Are you a sheep?
I will refer to a couple of quotes I have posted numerous times on this blog:
“All through time, people have basically acted and re-acted the same way in the market as a result of: greed, fear, ignorance, and hope – that is why the numerical formations and patterns recur on a constant basis” – Jesse Livermore
“Wall Street never changes, the pockets change, the stocks change, but Wall Street never changes, because human nature never changes” – Jesse Livermore
The books listed below were found through a fabulous list provided by the Hess Collection from An Exhibit at The University of Toledo ‘s William S. Carlson Library. February 22–April 30, 1999
As you can see, things will never change, as much as we wish they would because it’s in our DNA (we’re human).
Don’t these titles sound familiar:
How to Cope with the Developing Financial Crisis
By Ashby Bladen, New York: McGraw-Hill, 1980.
Financial Crises
By Theodore E. Burton, New York: Appleton, 1931.
Our Mysterious Panics 1830-1930
By Charles Albert Collman, New York: Morrow, 1931.
Booms and Depressions: Some First Principles
By Irving Fisher, London: George Allen and Unwin, 1933.
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