Show I 1 the public in speculation abe bo public as a body never buys aay any thing when it is cheap there are vu nu berous reasons for this to begin with the point of view of the successful speculator and that of the public trader arc are entirely differ different etiL the first named operates oa on deductions on carefully erected theories of what conditions alo s will bo be a 4 year two years hence the unsophisticated trader acts sets upon whatever of the future Is already apparent it Is again a platitude to say that wall street t discounts everything 1 gooda or bad but how many people who fio mouth this axiom extract its full Ine meaning fIlling they do not realize that this discounting means not the gauging gaugin of abo known but of the tile wholly unknown the man who acts today on tho the proba alq conditions of the long unseen future Is we th e man who makes money in wall street or in any other enterprises fo botha I 1 that t matt matter er and afi the roan man whose mind pim 1 far farthest theat abend thead mahs the file Y 1 i I 1 most money it if I 1 could only see the tape a month alic rd cries the tile tyro there are anany inen men who see it a year ahead not in its flurries and fractions but in ita its great oud and important entirety thomas gibson in moodys moods magazine |