Edwin Lefevre Quotes

#1. If a stock doesn't act right don't touch it; because, being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit.

Edwin Lefevre

#2. The public never is independently responsive to news.

Edwin Lefevre

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

Edwin Lefevre

#4. The game taught me the game.

Edwin Lefevre

#5. When you find that it fails to respond adequately to your buying you don't need any better tip to sell.

Edwin Lefevre

#6. That is about all I have learned - to study general conditions, to take a position and stick to it.

Edwin Lefevre

#7. The speculator is not an investor.

Edwin Lefevre

#8. The public always wants to be told.

Edwin Lefevre

#9. 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.

Edwin Lefevre

#10. A stock operator has to fight a lot of expensive enemies within himself.

Edwin Lefevre

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

Edwin Lefevre

#12. There is no question that advertising is an art, and manipulation is the art of advertising through the medium of the tape.

Edwin Lefevre

#13. And for a sucker play a man gets sucker pay; for the paymaster is on the job and never losses the pay envelope that is coming to you.

Edwin Lefevre

#14. 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 Lefevre

#15. A battle goes on in the stock market and the tape is your telescope. You can depend upon it seven out of ten cases.

Edwin Lefevre

#16. It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!

Edwin Lefevre

#17. 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.

Edwin Lefevre

#18. Being broke is a very efficient educational agency.

Edwin Lefevre

#19. TIPS! How people want tips! They crave not only to get them but to give them.

Edwin Lefevre

#20. 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.

Edwin Lefevre

#21. As a matter of fact I trade in accordance to my means and always leave myself an ample margin of safety.

Edwin Lefevre

#22. No man can always have adequate reasons for buying or selling stocks daily - or sufficient knowledge to make his play an intelligent play.

Edwin Lefevre

#23. The big money in booms is always made first by the public - on paper.And it remains on paper.

Edwin Lefevre

#24. 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.

Edwin Lefevre

#25. 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!

Edwin Lefevre

#26. That is one trouble about trading on a large scale.You cannot sneak out as you can when you pike along.

Edwin Lefevre