Translations:CP 03011/11/en

In this regard allow me to disabuse you of a false impression of which you are unfortunately victim. You imagine, along with many others, that the gains one realizes on the stock market are dependent upon the shares that one buys. Well, paradoxical as it might seem, I can assure you that that depends in the first place on the person who is managing them. I have known individuals who have enriched themselves on the stock market by managing tenth rate shares and others who have been ruined with premium rate shares. It is very much a question of the individual. There are people who are born to do this job, and others who are born to get their fingers burned by it. I don’t think I am exaggerating when I say that you belong to the latter, but if you are not convinced, you are at liberty to continue the exercise, I ask only to be convinced to the contrary.