# Quote — Edwin Lefèvre, Reminiscences of a Stock Operator

> 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!

- Author: [Edwin Lefèvre](https://www.leafyquotes.com/edwin-lefevre.md)
- Book: [Reminiscences of a Stock Operator](https://www.leafyquotes.com/edwin-lefevre/reminiscences-of-a-stock-operator.md)
- Page: 51
- Source: [Wikiquote](https://en.wikiquote.org/wiki/Edwin_Lef%C3%A8vre#Reminiscences_of_a_Stock_Operator_(1923)) ([CC BY-SA 4.0](https://creativecommons.org/licenses/by-sa/4.0/))
- Quote page: https://www.leafyquotes.com/edwin-lefevre/reminiscences-of-a-stock-operator/there-is-nothing

## More from this book

> 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 — [Quote page](https://www.leafyquotes.com/edwin-lefevre/reminiscences-of-a-stock-operator/the-speculators-deadly.md)

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

p. 186 — [Quote page](https://www.leafyquotes.com/edwin-lefevre/reminiscences-of-a-stock-operator/as-i-have.md)

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

p. 211 — [Quote page](https://www.leafyquotes.com/edwin-lefevre/reminiscences-of-a-stock-operator/when-the-man.md)