No large amount of money will ever be tied up in one stock.
The operations will be spread over a large amount of ground, making small investments in proper securities, thus practically eliminating all risk of loss. It is more certain than life insurance business.
The chances of loss will be considerably smaller than they would be in banking, manufacturing or mercantile enterprises.
Purchases will commence when a stock is over-depressed and evidently selling below its real value.
Purchases will continue so long as the price continues to go down.
These stocks will then be held and we will have every advantage over the market, instead of the market having the slightest advantage over us, as it does over ninety-nine out of a hundred speculators.
When the speculator is forced to sell at a low price we begin to buy.
When he is forced to buy at a high price we will be ready to sell.
We have the advantage over the market at every stage of the game.
The market cannot force us to do anything because we are in a position to do precisely as we please.