Sidney Harris’s narrative begins when he was just a young boy working for a stock market agency, which motivated him to start investing for himself. Sidney Harris’s tale begins when he was just a young lad working for a stock market agency. Harris developed a love for taking chances as a result of the time he made the most out of a difficult circumstance after the stock market crisis of 1987.
He ultimately took this interest to the racecourse and became a professional gambler, where he discovered that he had an unusually good run of luck when it came to wagering on horses. Harris had amassed a million dollars in wealth by the time he decided to call it quits in the gaming industry.
Other Activities to Participate in Before Gambling
Harris was brought into the world in the Soho neighborhood of London, and he spent the most of his youth there as well. After receiving his diploma from Fairweather Academy, he began working in the shipping department at the Regent Street Polytechnic in London.
His curiosity for photography was piqued by a few of his coworkers, and as a result, he ended up quitting his job so that he could devote a significant portion of his life to gaining an appreciation for the art of photography and developing the required abilities to grow in a career as a photographer. When he came across an article in the newspaper that stated opportunities for stock brokers, he decided it was time to start looking for a career in the corporate world. Despite the fact that he had a strong interest in photography, he just wasn’t generating enough money to sustain himself via it.
Utilizing the Notorious Stock Market Crash of 1987 to One’s Advantage
Harris’s initial experience in dealing closely with statistics was gained when he was employed in the stock market. In order to be of more assistance to his customers, Harris devoted countless hours to researching and analyzing the stock market. During this time period, Harris had the epiphany that he could amass a sizeable fortune for himself if he managed his finances well, took calculated risks at the appropriate moments, and capitalized on opportunities.
Harris took advantage of the catastrophic conditions in the stock market on October 19, 1987, which is now more well known as “Black Monday.” On that day, Harris reaped the advantages of other people’s suffering in order to profit from his own. The financial specialists who worked at the desks next to him that day had their eyes riveted to the screen as they watched the market value creep lower and lower. As they watched, they realized that a significant number of their customers would lose a significant amount of money.
Harris anticipated that the general public would act swiftly to sell their stocks, so he began making purchases of stocks at ever-decreasing prices all throughout the course of the day. When all was said and done, he made more than $60,000 from his investments. He was one of the few persons who, despite all that had happened that day, came out ahead as a result of the terrible things that had place.
Taking a Leap of Faith in the Hope of a Better Life at the Racetrack
Harris had developed an addiction to the rush of adrenaline that comes with putting up a substantial amount of money in the expectation of making a significant return; as a result, he now had a need to take risks in reference to his wealth. Harris utilized the money he made from the Black Monday events to place bets on racehorses. This was mostly due to the fact that while he worked as a photographer, horses were one of the creatures that he enjoyed photographing the most out of all the subjects available to him.
In 1999, Harris’s gambling manual titled “Horse Racing, The Essential Guide to Backing Winners” was released. The manual was about horse racing and included advice on how to bet on winners. The book is packed with helpful knowledge that Harris amassed over the course of the last ten years of his life, the most of which were spent betting on horse races. The author’s own Five Fundamental Rules for Gambling is sure to be one of the book’s most memorable passages.