Classic History, page-5

Initially, I buy the minimum chips ie $500 worth, until I get a feel for the management - the only way I can do it is by being a shareholder . But there started to be a smell as soon as I bought this & it got stronger & stronger until i realized it was like a big unwashed woofer. I realized I hadn't seen capital management strategies like this before. I also started to see other companies that I had regarded highly, didn't look so wonderful anymore, who also practice strategies that also 'relieved people of the burden of their money' I bought $60,000 of Chalice mining CHN all the way up to $9, but they fell to 78 cents , but luckily I didn't lose on them because I had been forced to quit, due to another business situation that was going on my life, i believe averaging down only works about one time out of three.