Dickson G. Watts - Speculation As a Fine Art and Thoughts on Life

1. Never over trade
2. Never reverse a position and go the other way.
3. Run Quickly or not at all.
4. Reduce your position when doubtful.
5. It is better to average up than down in a position (I completely agree)
6. Do not ignore public opinion.
7. Sell in weak markets.
8. Always factor in chance in your trading.

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Quotable quotes

 (1) sex is kind of a nuisance, so why not find something else to do with the energy instead; and (2) all human relationships are to some degree transactional or parasitical, so don't take it personally  - Roger Ebert
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