Success

Cover Success
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The machinery of his industry must, of course, be kept in motion, or it will rust and cease to be able to move in better times.
But it is unwise to embark on new enterprises and commitments when commerce, finance, and industry are all stagnant. And very fre- quently buying on a falling market means just this.
It is like sowing in the depths of winter seeds which would mature just as well if they were sown in March. No ; it is when the tide has definitely turned that new enterprises should be 90
... SUCCESS undertaken. The iron frost is then broken, and the sower may go out to scatter in the spring- time seeds which will bring in their harvest.
To buy before the turn is to incur the cost of carrying stocks for many unnecessary months.
The converse of the proposition is to sell on a rising market. Certainly. Sell on a rising market, but do not stop selling because the market ceases to rise. A great part of the art of business is the selling capacity and the organisation of sales, but to carry out a pre- ordained system of selling on an abstract theory is mere folly.


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