“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.””
Quote by Edwin Lefevre
Work
Reminiscences of a Stock Operator
This book provides an in-depth look into the world of stock market trading during the early 20th century, focusing on the experiences and insights of Jesse Livermore, a fictional character based on the life of a real-life trader. The narrative delves into Livermore's rise and fall in the stock market, offering readers a glimpse into the risks and rewards of trading during that era. more
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
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