Edwin Lefevre Quotes About Speculation

• 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

• 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

• 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

• 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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