That Mathematics Teacher and My Halving Shares
On the understanding that I failed the main mathematics exam at the age of 16 (O'grade) I must be forgiven for not completely understanding the complexities of buying and selling shares as a way to becoming wealthy! Many months ago I formulated a long term plan for becoming rich beyond my wildest dreams! I must admit all those months ago when I put the plan into action that I was not standing on solid concrete but on a firm patch of soil near some bubbling swamp but at least it was a plan! I have since kept myself belonging to the faith by muttering "they will go up, they will go up".
Anyways, my plan was simple.
The Plan: to buy a dozen worth of shares in completely different companies and then ignore them completely until they reached a an enormous ceiling of profit at which time I would sell and buy a house in the Grand Caymans! My plan turned into disaster within days of my foray, it rained heavily on my patch of soil! Companies eleven and twelve became victim to the banking crisis; Paragon Mortgage Company was one of the first banks in the world to ask for recapitalization and so I made a complete loss on that one! The other called Bradford and Bingley I eventually sold out after hoping for better things and with the proceeds I bought an umbrella, a poor attempt to keep my patch of soil dry for another day! Its been raining every day since! It is fascinating to watch shares plummet! They can halve, then halve again and every time I say to myself "they can't possible go any lower now" but they do and they keep on going lower and lower, over and over again.
My mother went back to that mathematics teacher all those years ago and asked him if I could resit O'grade maths! I remember that teacher now, he was nearly on the floor slapping it in glee as he barely suppressed his chortle "no chance mum, your son is as thick as two short planks".
Teachers were not as polite then as they are today! Despite passing that subject second time around I never went back to pull my tongue at that teacher! I do though desperately want to return now, to tell him that yes, it is possible to halve nothing!
Anyways, my plan was simple.
The Plan: to buy a dozen worth of shares in completely different companies and then ignore them completely until they reached a an enormous ceiling of profit at which time I would sell and buy a house in the Grand Caymans! My plan turned into disaster within days of my foray, it rained heavily on my patch of soil! Companies eleven and twelve became victim to the banking crisis; Paragon Mortgage Company was one of the first banks in the world to ask for recapitalization and so I made a complete loss on that one! The other called Bradford and Bingley I eventually sold out after hoping for better things and with the proceeds I bought an umbrella, a poor attempt to keep my patch of soil dry for another day! Its been raining every day since! It is fascinating to watch shares plummet! They can halve, then halve again and every time I say to myself "they can't possible go any lower now" but they do and they keep on going lower and lower, over and over again.
My mother went back to that mathematics teacher all those years ago and asked him if I could resit O'grade maths! I remember that teacher now, he was nearly on the floor slapping it in glee as he barely suppressed his chortle "no chance mum, your son is as thick as two short planks".
Teachers were not as polite then as they are today! Despite passing that subject second time around I never went back to pull my tongue at that teacher! I do though desperately want to return now, to tell him that yes, it is possible to halve nothing!
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