“Sell down to the sleeping point”

…You remember the story about the man who was so nervous that a friend asked him what was the matter.
“I can`t sleep” answered the nervous one.
“Why not? Asked the friend.
“I am carrying so much cotton that I cant sleep thinking about it. It is wearing me out. What can I do?”
“Sell down to the sleeping point” answered the friend.

Reminiscences of a Stock Operator by Edwin Lefevre 1923

Re: Quotes , Thoughts & Sayings That Change Your View on Trading

The critical question in war is knowing when to stop, when to make your exit and come to terms. Stop too soon and you lose whatever you might have gained by advancing; you allow too little time for the conflict to show you where it is heading. Stop too late and you sacrifice your gains by exhausting yourself.

The 33 Strategies of War by Robert Greene, 2006. (Strategy No.22 : know how to end things, The exit strategy)

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