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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!

— Edwin Lefèvre Reminiscences of a Stock Operator (1923)

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More quotes by Edwin Lefèvre

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)

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Attribution

Quote text and notes from Wikiquote: Edwin Lefèvre (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.