The big money in booms is always made first by the public - on paper. And it remains on paper. Edwin Lefevre More Quotes by Edwin Lefevre More Quotes From Edwin Lefevre 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-uptryingtwo 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 blessedmistakemen Being broke is a very efficient educational agency. Edwin Lefevre brokeagencyeducational It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! Edwin Lefevre sittingmadethinking 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 successfulnew-yorkmistake 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 indulge-inwallgames 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 realmenthinking 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 bearsmindwant 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 successfulmistakepast The public always wants to be told. Edwin Lefevre want Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street. Edwin Lefevre indulge-inwalldoe The game taught me the game. Edwin Lefevre taughtgames 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 godmotherwallthinking That is one trouble about trading on a large scale.You cannot sneak out as you can when you pike along. Edwin Lefevre tradingscalestrouble 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 diagnosisprofitway There is no question that advertising is an art, and manipulation is the art of advertising through the medium of the tape. Edwin Lefevre manipulationtapeart TIPS! How people want tips! They crave not only to get them but to give them. Edwin Lefevre wantgivingpeople 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 tapebattlegoes-on the public never is independently responsive to news. Edwin Lefevre news The speculator is not an investor. Edwin Lefevre speculatorsinvestors
