This experience, as I see it, was an important turning point of my stock-market career. 2.It was at this point that I finally realized that 3.There is no sure thing in the market - I was bound to be wrong half of the time. 4.I must accept this fact and readjust myself accordingly - my pride and ego would have to be subdued. 5.I must become an impartial diagnostician, who does not identify himself with any theory or stock. 6.I cannot merely take chances. First, I have to reduce my risks as far as humanly possible.
