Talk:Reminiscences of a Stock Operator

Latest comment: 10 years ago by Athos.jingle in topic what does "Point" mean?

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The internet archive copy is no longer available (copyright trolled?), but it is available elsewhere on the internet, a fast search turns up e.g. http://reminiscencesofstockoperator.blogspot.com — Preceding unsigned comment added by 62.236.217.133 (talk) 14:17, 26 March 2013 (UTC)Reply

what does "Point" mean?

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quote: "I made up my mind to be wise and play carefully, conservatively. Everybody knew that the way to do that was to take profits and buy back your stocks on reactions. And that is precisely what I did, or rather what I tried to do.....They say you never grow broke taking profits. No, you don't. But neither do you grow rich taking a four point profit in a bull market."

let's say one buys 100 stocks at $50, and sells them at $52. how many points he takes, 2 points or 4 points? — Preceding unsigned comment added by Athos.jingle (talkcontribs) 15:33, 15 January 2014 (UTC)Reply