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Quotes from Reminiscences of a Stock Operator — Edwin Lefèvre

d. 1943

← All quotes by Edwin Lefèvre

28 quotes

When the man who ought to want a stock doesn't want it, why should I want it?

Reminiscences of a Stock Operator (1923)

People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth.

Reminiscences of a Stock Operator (1923)

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.

Reminiscences of a Stock Operator (1923)

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

Reminiscences of a Stock Operator (1923)

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

Reminiscences of a Stock Operator (1923)

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

Reminiscences of a Stock Operator (1923)

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

Reminiscences of a Stock Operator (1923)

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

Reminiscences of a Stock Operator (1923)

As a matter of fact I trade in accordance to my means and always leave myself an ample margin of safety.

Reminiscences of a Stock Operator (1923)

History repeats itself all the time on Wall Street.

Reminiscences of a Stock Operator (1923)

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.

Reminiscences of a Stock Operator (1923)

And for a sucker play a man gets sucker pay; for the paymaster is on the job and never losses the pay envelope that is coming to you.

Reminiscences of a Stock Operator (1923)

It didn't require a Sherlock Holmes to size up the situation.

Reminiscences of a Stock Operator (1923)

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

Reminiscences of a Stock Operator (1923)

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.

Reminiscences of a Stock Operator (1923)

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

Reminiscences of a Stock Operator (1923)

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

Reminiscences of a Stock Operator (1923)

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.

Reminiscences of a Stock Operator (1923)

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

Reminiscences of a Stock Operator (1923)

To subordinate my judgment to his desires was the undoing of me.

Reminiscences of a Stock Operator (1923)

Attribution

Quotes and notes from Wikiquote: Edwin Lefèvre (page history), available under CC BY-SA 4.0.