Sep

8

 In Australia, the best trading story I know is in Following the Equator by Mark Twain. The gist is that Cecil Rhodes started his fortune by catching a shark in Botany Bay. The shark had eaten a German spy in the North Sea when war broke out between Germany and France. The spy's diary was in the shark's belly and Rhodes immediately cornered the wool futures market as England would no longer be exporting wool. One thing led to another and Rhodes soon used his stake to buy his first diamond mines.

As an aside, to take a page out of the book of all the world travelers we have, my favorite botanical garden is the Rhodes Gardens in Capetown. I like the Gardens in Hilo, Hawaii also and will buy a tree there for Artie. Through the spec list I met a good man, Ken Roman, and I now have a beautiful bench in the Bronx Gardens: "In honor of Artie and Elaine and their love of books and nature," looking out at the stand of tulip trees from the 1890s, and the library and Ken's Roman Pavilion Gazebo. One thing leads to another.

A favorite thing to do when trading was going very well in the old days was to take Laurel or Susan (never together) to the Roman pavilion and read a 100 year old book about markets there surrounded by the smell and sight of the trees. One apologetically notes that "The Autobiography of Frank Tarbeaux is only 86 years old. A spate of such books was planned in 1929 and published in 1930.


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