Edwin Lefevre (1871 – 1943)
American journalist, writer, and statesman most remembered today for his writings about Wall Street.
People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth.
" I am carrying so much cotton that I can't sleep thinking about it. It is wearing me out. What can I do?"
" Sell down to the sleeping point," answered the friend.
That is one trouble about trading on a large scale.
You cannot sneak out as you can when you pike along.
A stock operator has to fight a lot of expensive enemies within himself.
When you find that it fails to respond adequately to your buying you don't need any better tip to sell.
The public always wants to be told.
To subordinate my judgment to his desires was the undoing of me.
TIPS! How people want tips! They crave not only to get them but to give them.
There is no question that advertising is an art, and manipulation is the art of advertising through the medium of the tape.
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.
A battle goes on in the stock market and the tape is your telescope. You can depend upon it seven out of ten cases.
It didn't require a Sherlock Holmes to size up the situation.
When the man who ought to want a stock doesn't want it, why should I want it?
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.
The game taught me the game.
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.
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.
The speculator is not an investor.
"the public never is independently responsive to news."
Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street.