Edwin Lefèvre

Quotes

1. 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.

   p. 278

2. 

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

   p. 186

3. 

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

   p. 211

4. 

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

   And it remains on paper.

   p. 257

5. 

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

   p. 172

6. 

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

   p. 183

7. 

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

   p. 249

8. 

   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!

   p. 51

9. 

   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.

   p. 103

10. 

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

    p. 14

11. 

    The speculator is not an investor.

    p. 114

12. 

    "the public never is independently responsive to news."

    p. 69