Edwin Lefevre Quotes & Sayings

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

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

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

That is about all I have learned - to study general conditions, to take a position and stick to it. — Edwin Lefevre

No man can always have adequate reasons for buying or selling stocks daily - or sufficient knowledge to make his play an intelligent play. — Edwin Lefevre

It takes a man a long time to learn all the lessons of all of his mistakes. They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side. It took me longer to get that general principle fixed firmly in my mind than it did most of the more technical phases of the game of stock speculation. — Edwin Lefevre

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

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

The game taught me the game. — Edwin Lefevre

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. — Edwin Lefevre

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

The public always wants to be told. — Edwin Lefevre

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

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

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

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. — Edwin Lefevre

The public never is independently responsive to news. — Edwin Lefevre

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

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

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

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

The speculator is not an investor. — Edwin Lefevre

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 Lefevre

It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! — Edwin Lefevre

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

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

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

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

Being broke is a very efficient educational agency. — Edwin Lefevre