The big money is not in the buying or the selling, but in the sitting.
—Jesse Lauriston Livermore
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.
—Jesse Lauriston Livermore
Topics: Money
The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He doesn’t even wish to have to think.
—Jesse Lauriston Livermore
Never buy at the bottom, and always sell too soon.
—Jesse Lauriston Livermore
Topics: Wealth
Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.
—Jesse Lauriston Livermore
My main life lesson from investing: self-interest is the most powerful force on earth, and can get people to embrace and defend almost anything.
—Jesse Lauriston Livermore
There is only one side of the market, and it is not the bull side or the bear side, but the right side.
—Jesse Lauriston Livermore
Wondering Whom to Read Next?
- Warren Buffett American Investor
- Charlie Munger American Investor, Philanthropist
- Ray Dalio American Investor
- Mohnish Pabrai Indian-American Investor, Philanthropist
- Henry R. Kravis American Businessman
- T. Boone Pickens American Businessman, Financier
- Peter Thiel American Entrepreneur
- Benjamin Graham American Investor
- Richard Rainwater American Investor
- Al Gore American Politician, Environmentalist
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