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Quote by Jesse Lauriston Livermore

“Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on.”

Quote by Jesse Lauriston Livermore

Author

Jesse Lauriston Livermore

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'. more

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“If somebody had told me my method would not work I nevertheless would have tried it out to make sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating.”

Ifs Loses One Thing Method Making Money Convince Nevertheless

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“Ignorance at twenty-two isn't a structural defect.”

Two Ignorance Twenties Defects Twenty Two

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.”

Author:Jesse Lauriston Livermore

“They say you never grow poor taking profits. No, you don't. But neither do you grow rich taking a four-point profit in a bull market. Where I should have made twenty thousand dollars I made two thousand. That was what conservatism did for me.”

Should Made Two Grows Poor Rich Four Thousand Should Have Twenties Dollars Profit Conservatism Bulls Bull Markets

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

“Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks.”

Trying Believe Ends Bigs Games Individual Study Special Conditions Factors Swings Bulls Fluctuation Bull Markets

Author:Jesse Lauriston Livermore

“I would rather be exposed to the inconveniences attending too much liberty than those attending too small a degree of it.”

“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

“If I learned all this so slowly it was because I learned by my mistakes, and some time always elapses between making a mistake and realizing it, and more time between realizing it and exactly determining it.”

Ifs Realizing Mistake Making Mistakes More Time My Mistakes

Author:Jesse Lauriston Livermore