“Don't ever lose your cash boys"

The excerpt below is from Jesse Livermore World's Greatest StockTrader by Richard Smitten, published by John Wiley & Sons, Inc. One day Livermore called his two sons into the library at “Ever-more” on Long Island. He sat behind the massive desk and the twoboys sat down in front of him. He leaned forward and took a wadof cash out of his pocket. He peeled off ten one dollar bills. He did this twice, then folded the bills and handed each boy a pack of ten ones.The boys sat looking at him, each holding their money. “Boys, always carry your money folded and in your left pocket. Go ahead do it. You can keep the money.”

The boys did as they were told and put the folded money in their left pockets. “You see, pickpockets always go for a person's wallet,which is usually in the back pocket. Or they will come up behind you and go for your right front pocket, because most people are right handed. You all right with this so far, boys?” he asked. The boys nodded.He continued. “All right, that's why you keep your paper money folded in your left pocket. See, if a pickpocket gets into your left pocket, and he gets that close to your balls, you're going to know about it.” The boys looked at each other.

Their father continued. “Don't ever lose your cash boys—that's the moral of this story. Keep it close to your balls, and don't let anyone near it.”

 

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