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Jesse Lauriston Livermore Quotes

Stock trader

Jesse Lauriston Livermore was a renowned stock trader, born on July 26, 1877, and died on November 28, 1940. He was known for his keen insight and bold investment strategies in the stock market, often referred to as the 'King of the Stock Market'.

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All Investing Trading Men Ifs Bigs Sells Bulls People Speculators Thinking Bull Markets Doe Games Made Profit Trying Conditions Long Streets Traders

Famous Jesse Lauriston Livermore Quotes

“Men who can both be right and sit tight are uncommon.”

Men Uncommon Speculators Bull Markets

Author:Jesse Lauriston Livermore

“It takes a man a long time to learn all the lessons of all his mistakes.”

Men Long Mistake Lessons Long Time

Author:Jesse Lauriston Livermore

“If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of ten thousand brothers or cousins of the original.”

Ifs Men Mistake Wise Brother Thousand Lucky Ten Originals Cousin Same Mistakes

Author:Jesse Lauriston Livermore

“If the unusual never happened there would be no difference in people and then there wouldn't be any fun in life. The game would become merely a matter of addition and subtraction. It would make of us a race of bookkeepers with plodding minds. It's the guessing that develops a man's brain power.”

People Ifs Men Mind Matter Would Be Games Fun Differences Race Brain Happened Unusual Guessing Brain Power Subtraction Bookkeepers

Author:Jesse Lauriston Livermore

“When a man is right he wants to get all that is coming to him for being right.”

Men Want

Author:Jesse Lauriston Livermore

“A man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.”

Men May Doe Loses Brain Class Streets Wall Beats Thirds Grades Nevertheless Impatient Doubtful Sucker Third Grade

Author:Jesse Lauriston Livermore

“Without faith in his own judgment no man can go very far in this game. That is about all I have learned - to study general conditions, to take a position and stick to it. I can wait without a twinge of impatience. I can see a setback without being shaken, knowing that it is only temporary.”

Men I Can Games Waiting Knowing Study Conditions Position Judgment Sticks Temporary I Have Learned Impatience Setback

Author:Jesse Lauriston Livermore

“The only thing to do when a man is wrong is to be right by ceasing to be wrong.”

Men Things To Do

Author:Jesse Lauriston Livermore

“The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think.”

Thinking Men Want Doe Desire Wish Particular Bears Sells Investing Average Buying Lazy Trading Bulls Average Man

Author:Jesse Lauriston Livermore

“I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up.”

People Men Particular Bears Down And Sells Investing Trading Bulls Bull Markets Bullish

Author:Jesse Lauriston Livermore

“A man must believe in himself and his judgement if he expects to make a living at this game. That is why I don't believe in tips."”

Ifs Men Believe Games Don't Believe Investing Judgement Trading

Author:Jesse Lauriston Livermore

“A man must study general conditions, to seize them so as to be able to anticipate probabilities.”

Men Able Study Conditions Investing Probability Trading Anticipate

Author:Jesse Lauriston Livermore

“Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.”

Men Bigs Found Investing Hardest Trading Hardest Thing Uncommon Operators

Author:Jesse Lauriston Livermore

About the Author

Born: July 26, 1877
Died: November 28, 1940
Known for: Stock trader
Quotes: 79

Books & Sources

How to Trade in Stocks: The Livermore Formula for Combining Time Element and PriceRelated source material

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