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The Very, Very Rich and How They Got That Way: The spectacular success stories of 15 men who made it to the very, very top by Max Gunther

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7. The Stock Market: Selling It

JOE HIRSHHORN’S SPECULATIVE approach to the stock market is extremely, even frighteningly, risky. The fact that he came out a winner doesn’t alter the fact that he often operated from positions of high jeopardy. One false step, one thunderbolt of ill fortune, and he could have been smashed flat in an instant. There are thousands of men who have tried to parlay Canadian gold and uranium stocks into a fortune as Hirshhorn did and who haven’t made it. Many are broke. Many curse the miserable day they threw their first star-crossed dollars into the action.

Now let’s look at another poor kid from Brooklyn, who took a somewhat safer route to a market killing – the seller’s route. Bernard Cornfeld blundered into his ...

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