How Gil Morales Made Over 11,000 Percent in the Stock Market
Gil Morales, Chris Kacher · 2012
Gil Morales, the author got off to a wretched start despite the new market uptrend. By April 1995, he was down over 30% in his account, and the market had been in a “confirmed rally” that had been in force for nearly five months. His intensified efforts were soon rewarded when he came across a company that was developing mpeg encoder, decoder, and codec products that enabled video to be compressed so that it could be viewed on computers and transmitted over the newly emerging Internet. A critical lesson—something that has a very visceral meaning for the author—is the fact that by remaining persistent and not giving up, even when he was down over 30% in 1995, he eventually achieved a result in excess of 500% by year-end. This gave him the confidence that came from knowing that he had the ability to recover from any short-term setback in the market, and has served him well since then.