Edwin Lefevre Quotes

• 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.

  Edwin Lefevre

  Diagnosis, Way, Profit

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.69, John Wiley & Sons

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• The speculators deadly enemies are: Ignorance, greed, fear and hope. All the statute books in the world and all the rules of all the Exchanges on earth cannot eliminate these from the human animal.

  Edwin Lefevre

  Book, Ignorance, Animal

  Edwin Lefevre (2013). “Reminiscences of a Stock Operator”, p.477, Lulu Press, Inc

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• One of the most helpful things that any body can learn is to give up trying to catch the last eighth - or the first. These two are the most expensive eighths in the world.

  Edwin Lefevre

  Giving Up, Two, Trying

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.76, John Wiley & Sons

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• 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.

  Edwin Lefevre

  Mistake, Men, Games

  Edwin Lefevre (2017). “Reminiscences of a Stock Operator (Harriman Definitive Editions): The classic novel based on the life of legendary stock market speculator Jesse Livermore”, p.40, Harriman House Limited

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• 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.”

  Edwin Lefevre

  New York, Mistake, Successful

  Edwin Lefevre (2013). “Reminiscences of a Stock Operator”, p.388, Lulu Press, Inc

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• It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!

  Edwin Lefevre

  Thinking, Sitting, Made

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.75, John Wiley & Sons

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• Being broke is a very efficient educational agency.

  Edwin Lefevre

  Educational, Agency, Broke

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.77, John Wiley & Sons

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• 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.

  Edwin Lefevre

  Real, Men, Thinking

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• 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.

  Edwin Lefevre

  Mistake, Successful, Past

  Edwin Lefevre (2013). “Reminiscences of a Stock Operator”, p.388, Lulu Press, Inc

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• The big money in booms is always made first by the public - on paper. And it remains on paper.

  Edwin Lefevre

  Paper, Firsts, Made

  "Reminiscences of a Stock Operator". Book by Edwin Lefèvre. Chapter XXI, p. 257, 1923.

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• A stock operator has to fight a lot of expensive enemies within himself.

  Edwin Lefevre

  Fighting, Enemy, Operators

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.35, John Wiley & Sons

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• The public always wants to be told.

  Edwin Lefevre

  Want

  Edwin Lefevre (2013). “Reminiscences of a Stock Operator”, p.491, Lulu Press, Inc

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• The game taught me the game.

  Edwin Lefevre

  Games, Taught

  Edwin Lefèvre, Jon D. Markman (2010). “Reminiscences of a Stock Operator: With New Commentary and Insights on the Life and Times of Jesse Livermore”, p.36, John Wiley & Sons

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• If a man didn't make mistakes he'd own the world in a month.But if he didn't profit by his mistakes he wouldn't own a blessed thing.

  Edwin Lefevre

  Mistake, Blessed, Men

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.96, John Wiley & Sons

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• Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street. When you read contemporary accounts of booms or panics, the one thing that strikes you most forcibly is how little either stock speculation or stock speculators today differ from yesterday. The game does not change and neither does human nature.

  Edwin Lefevre

  Wall, Games, Indulge In

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.165, John Wiley & Sons

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• Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street.

  Edwin Lefevre

  Wall, Indulge In, Doe

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.165, John Wiley & Sons

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• When it comes to selling stocks, it is plain that nobody can sell unless somebody wants those stocks.If you operate on a large scale you will have to bear that in mind all the time.

  Edwin Lefevre

  Mind, Want, Bears

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.88, John Wiley & Sons

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• When you find that it fails to respond adequately to your buying you don't need any better tip to sell.

  Edwin Lefevre

  Needs, Buying, Failing

  Edwin Lefevre (2017). “Reminiscences of a Stock Operator (Harriman Definitive Editions): The classic novel based on the life of legendary stock market speculator Jesse Livermore”, p.264, Harriman House Limited

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• TIPS! How people want tips! They crave not only to get them but to give them.

  Edwin Lefevre

  People, Giving, Want

  Edwin Lefèvre, Jon D. Markman (2010). “Reminiscences of a Stock Operator: With New Commentary and Insights on the Life and Times of Jesse Livermore”, p.251, John Wiley & Sons

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• That is one trouble about trading on a large scale.You cannot sneak out as you can when you pike along.

  Edwin Lefevre

  Trouble, Scales, Trading

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.130, John Wiley & Sons

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• A battle goes on in the stock market and the tape is your telescope. You can depend upon it seven out of ten cases.

  Edwin Lefevre

  Battle, Tape, Goes On

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.26, John Wiley & Sons

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• As I have said a thousand times, no manipulation can put stocks down and keep them down.

  Edwin Lefevre

  Down And, Manipulation, Said

  Edwin Lefevre (2013). “Reminiscences of a Stock Operator”, p.322, Lulu Press, Inc

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• The speculator is not an investor.

  Edwin Lefevre

  Speculators, Investors

  Edwin Lefèvre (2004). “Reminiscences of a Stock Operator”, p.117, John Wiley & Sons

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• In fact, of all hoodoos in Wall Street I think the resolve to induce the stock market to act as a fairy godmother is the busiest and most persistent.

  Edwin Lefevre

  Wall, Thinking, Godmother

  Edwin Lefevre (2013). “Reminiscences of a Stock Operator”, p.261, Lulu Press, Inc

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• There is no question that advertising is an art, and manipulation is the art of advertising through the medium of the tape.

  Edwin Lefevre

  Art, Tape, Manipulation

  Edwin Lefevre (2013). “Reminiscences of a Stock Operator”, p.405, Lulu Press, Inc

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