Reminiscences of a Stock Operator: With New Commentary and Insights on the Life and Times of Jesse Livermore

by Edwin Lefèvre

Men who can both be right and sit tight are uncommon.

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

the public was defying the government’s anti-trust crusade by

man who is right always has two forces working in his favor—basic conditions and the men who are wrong.

In a bull market bear factors are ignored. That is human nature, and

Simply by looking and listening Stillman often made the man offer terms much more advantageous to the bank than he had meant to offer when he began to speak. I don’t keep silent just to induce people to offer a better bargain, but because I like to know all the facts of the case.

you are apt to find these moral obligations mighty high priced at times.

“It was the kind of market in which not even a skunk could make a scent.”

A man does not swear eternal allegiance to either the bull or the bear side. His concern lies with being right.