How to Stop Worrying & Start Living, Chapter 10
PUT A" STOP-LOSS" ORDER ON YOUR WORRIES WOULD you like to know how to make money on the Stock Exchange? Well, so would a million other people-and if I knew the answer, this book would sell for a fabulous price. However, there's one good idea that some successful operators use. This story was told to me by Charles Roberts, an investment counselor with offices at 17 East 42nd Street, New York. "I originally came up to New York from Texas with twenty thousand dollars which my friends had given me to invest in the stock market," Charles Roberts told me. "I thought," he continued, "that I knew the ropes in the stock market; but I lost every cent. True, I made a lot of profit on some deals; but I ended up by losing everything. "I did not mind so much losing my own money," Mr. Roberts explained, "but I felt terrible about having lost my friends' money, even though they could well afford it. I dreaded facing them again after our venture...