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 LefevreThe big money in booms is always made first by the public - on paper. And it remains on paper.
Edwin LefevreIt 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