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 LefevreThe 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 LefevreThere is no question that advertising is an art, and manipulation is the art of advertising through the medium of the tape.
Edwin LefevreWhen 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 LefevreIt never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.
Edwin Lefevre