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Quote by Edwin Lefevre

“It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.”

Author

Edwin Lefevre

Edwin Lefèvre (1871-1943) was a prominent American journalist. His career began in the early 20th century, during which he reported on major news events, including World War I and the 1929 stock market crash. Lefèvre was known for his keen observations and in-depth investigations. more

“Fear and hope remain the same; therefore the study of the psychology of speculators is as valuable as it ever was. Weapons change, but strategy remains strategy, on the New York Stock Exchange as on the battlefield. I think the clearest summing up of the whole thing was expressed by Thomas F. Woodlock when he declared: “The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past.””

Source: Reminiscences of a Stock Operator

“Aretha Franklin was a teenage mom, a musician who came from an incredible Christian background, and where there was a lot of love, which is really inspiring in a feminist way.”

Way Christian Mom Musician Feminist Backgrounds Teenage Franklin Really Inspiring

Author:Beth Ditto

“It takes a man a long time to learn all the lessons of all of his mistakes. They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side. It took me longer to get that general principle fixed firmly in my mind than it did most of the more technical phases of the game of stock speculation.”

Men Mind Long Two Games Sides Mistake Principles Bears Lessons Long Time Fixed Phases Speculation Bulls Two Sides

Book:Reminiscences of a Stock Operator (Harriman Definitive Editions): The classic novel based on the life of legendary stock market speculator Jesse Livermore

Source: Reminiscences of a Stock Operator (Harriman Definitive Editions): The classic novel based on the life of legendary stock market speculator Jesse Livermore

“Being broke is a very efficient educational agency.”

Educational Broke Agency Efficient Being Broke

Book:Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator

“If a stock doesn’t act right don’t touch it; because, being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit.”

Ifs Way Profit Diagnosis Prognosis

Book:Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator

“The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past.”

People Made Past Mistake Principles Successful Speculation Supposition

Book:Reminiscences of a Stock Operator

Source: Reminiscences of a Stock Operator