The more freezing out there is, the more panicky things get, the better
it is for us.
There is more money to be made in one panicky day than there is in
weeks of ordinary Wall Street trading.
Then, on the other hand, when everything is looking first-rate and
prosperous, Wall Street is full of people who want to buy. There is
where we are ready for them again.
We bought the stocks when people had to sell them.
Now the people want to buy and we are right on hand with the
goods--bought cheap at the proper time and now glad to sell at a goodly
profit.
This method of ours is nothing new or untried. It has stood the tests
of time and made many a millionaire.
_It is founded upon the firmest possible foundation, and has gone
over squalls, slumps and panics, and in twenty years, to our personal
knowledge, it has never failed to win._
We know of a number of people who have become rich by following this
method. We know of one man who operated for fifteen years. He retired
January 1, 1898, reputed to be worth twenty millions of dollars. He
never lost, paid for what he bought, buying proper securities in small
quantities at a declining market, going right along to the bottom still
buying and then holding on until the market was in its normal condition
and he could pocket his profits and be ready to do it all over again.
You will note that this business absolutely cannot be affected by
financial calamities.
On the contrary, a panic is a blessing.
It may seem to you that if this method of taking money out of Wall
Street is so simple, that you can do it yourself. You certainly could
if you had the capital, knew the stocks and their value thoroughly,
could devote your whole time to it, and, what is more important, had
the firmness and will power to follow the method and not be swerved
from it by the temptation of speculation.
Not one man in a thousand can go into Wall Street and fail to be
influenced by the wild speculation which is going on there, the
apparent opportunities for getting rich in a minute, the tips and
rumors and all that sort of thing. That is precisely why so many people
are wrecked in Wall Street, and the reason why so few succeed is that
they have not the patience and the cool, calm judgment requisite to
play the game in the only way in which it can be beaten.
The Manager of our Corporation will not be allowed to be influenced by
anything except our instructions. He will be under sufficient bond to
follow his instructions, which will be precisely as outlined above. He
will be a buying and selling machine, oblivious to all outside
influence. He must carry out our orders regardless of whatever may
happen, and he is a man who can be depended upon to do it.
_A corporation, being a machine, can succeed by this method for the
reason that it must follow a certain outlined course and cannot, and
dare not, deviate from it by a hair's breadth._
Public-domain text, read in full here on John Shaqi.
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