As reported by Quoteinvestigator on January 11, 2011 the quote appeared in "Meditations in Wall Street" (1940) by Wall Street trader Henry Stanley Haskins, "a Wall Street trader with a checkered background. The phrase was misattributed because the true author's name was initially withheld. In addition, the assignment of the maxim to a more prestigious individual, e.g., Emerson or Thoreau, made it more attractive and more believable as a nugget of wisdom." Emerson made a number of similar statements — in "The American Scholar," for example, he says "Give me insight into to-day, and you may have the antique and future worlds" — which probably increased the likelihood of misattribution.
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Attribution
Quote text and notes from Wikiquote: Ralph Waldo Emerson (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.