[The Wrecker by Robert Louis Stevenson and Lloyd Osbourne]@TWC D-Link bookThe Wrecker CHAPTER I 11/24
To remain rich, then, became my problem; or, in other words, to do a safe, conservative line of business.
I am looking for that line still; and I believe the nearest thing to it in this imperfect world is the sort of speculation sometimes insidiously proposed to childhood, in the formula, "Heads, I win; tails, you lose." Mindful of my father's parting words, I turned my attention timidly to railroads; and for a month or so maintained a position of inglorious security, dealing for small amounts in the most inert stocks, and bearing (as best I could) the scorn of my hired clerk.
One day I had ventured a little further by way of experiment; and, in the sure expectation they would continue to go down, sold several thousand dollars of Pan-Handle Preference (I think it was).
I had no sooner made this venture than some fools in New York began to bull the market; Pan-Handles rose like a balloon; and in the inside of half an hour I saw my position compromised.
Blood will tell, as my father said; and I stuck to it gallantly: all afternoon I continued selling that infernal stock, all afternoon it continued skying.
<<Back Index Next>> D-Link book Top TWC mobile books
|