Edwin Lefèvre Quotes Page 3
Best 76 Quotes by Edwin Lefèvre – Page 3 of 3
Reminiscences of a Stock Operator Quotes
“The speculator is not an investor.”
“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.”
“There is no need to feel anger over being human.”
“There is no question that advertising is an art, and manipulation is the art of advertising through the medium of the tape.”
“There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!”
“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.”
“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.”
Book of the Week
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton Malkiel
“Tips! How people want tips! They crave not only to get them but to give them.”
“Wall Street professionals know that acting on 'inside' tips will break a man more quickly than famine, pestilence, crop failures, political readjustments or what might be called normal accidents. There is no asphalt boulevard to success in Wall Street or anywhere else. Why additionally block traffic?”
“What beat me was not having brains enough to stick to my own game—that is, to play the market only when I was satisfied that precedents favored my play.”
“Whatever happens in the stock market today has happened before and will happen again.”
“When a man is right he wants to get all that is coming to him for being right.”
“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.”
“When the man who ought to want a stock doesn't want it, why should I want it?”
Book of the Week
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton Malkiel
“When you find that it fails to respond adequately to your buying you don't need any better tip to sell.”
“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.”
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“The propensity to swindle grows parallel with the propensity to speculate during a boom the implosion of an asset price bubble always leads to the discovery of frauds and swindles”
