Top 100 Livermore Quotes
#1. There was a project at Lawrence Livermore National Labs where many years ago they went down this path for scripting and controlling very large numerical calculations.
Guido Van Rossum
#2. I was raised on technology. I grew up in Livermore, California, a town of physicists and cowboys. My parents worked at the government laboratories there. So technology was very normal for me.
Cynthia Breazeal
#3. In the early days of the crash it was widely believed that Jesse L. Livermore, a Bostonian with a large and unquestionably exaggerated reputation for bear operations, leading a syndicate that was driving the market down.
John Kenneth Galbraith
#4. Why is it that I notice so many brilliant scientists using Macs for their personal computers; why does the Lawrence Livermore & Berkeley Labs buy millions of dollars worth of Macs?
Lene Hau
#5. In truth, Edward Teller ran the Livermore Lab, but for public purposes he liked it better to be known as only an associate director
John Gofman
#6. If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of ten thousand brothers or cousins of the original.
Jesse Lauriston Livermore
#7. I was utterly free of speculative prejudices. The bear side doesn't appeal to me any more than the bull side, or vice versa. My one steadfast prejudice is against being wrong.
Jesse Lauriston Livermore
#8. People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth.
Jesse Lauriston Livermore
#9. It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.
Jesse Lauriston Livermore
#10. If I learned all this so slowly it was because I learned by my mistakes, and some time always elapses between making a mistake and realizing it, and more time between realizing it and exactly determining it.
Jesse Lauriston Livermore
#11. When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up.
Jesse Lauriston Livermore
#13. He will risk half his fortune in the stock market with less reflection that he devotes to the selection of a medium-priced automobile.
Jesse Lauriston Livermore
#14. When you jump on a city bus or roam the streets off the major thoroughfares you'll quickly learn that we have as many differences as similarities. And therein lie the greatest opportunities for innovation - our different ways of viewing the world and coming up with solutions!
David Livermore
#15. There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time.
Jesse Lauriston Livermore
#16. The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think.
Jesse Lauriston Livermore
#17. A market does not culminate in one grand blaze of glory. Neither does it end with a sudden reversal of form. A market can and does often cease to be a bull market long before prices generally begin to break.
Jesse Lauriston Livermore
#18. Becoming a culturally intelligent innovators starts with something as basic as exercising self-control.
David Livermore
#19. When you start paying attention to diversity, you notice it (and notice its absence!). And based on the culture of your upbringing and the culture of your organization, you may or may not be primed to think consciously about innovation.
David Livermore
#20. If somebody had told me my method would not work I nevertheless would have tried it out to make sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating.
Jesse Lauriston Livermore
#21. It isn't a hunch but the subconscious mind, which is the creative mind, at work. That is the mind which makes artists do things without their knowing how they came to do them. Perhaps with me it was the cumulative effect of a lot of little things individually insignificant but collectively powerful.
Jesse Lauriston Livermore
#22. Perspective taking is taking on the perspective of others. It's what we do anytime we buy a gift for someone else ("What would they like?"). So it means breaking the golden rule ("Treat others the way you want to be treated") and instead, acknowledges that others may not want what you want.
David Livermore
#23. Most people probably become more jaded the longer they work in the world of work.
David Livermore
#24. When everyone thinks alike, there isn't much thinking taking place. Get out when you can, not when you have to.
Jesse Lauriston Livermore
#25. Culturally intelligent leaders will not assume they know what will build trust with clients or staff. Instead, they'll discover what's most important for communicating and building trust.
David Livermore
#26. The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.
Jesse Lauriston Livermore
#28. Almost every one of the great religions of the world has made special provisions for them, and the woman who has preferred a celibate to a domestic life has been able to occupy a position of honor and usefulness.
Mary Livermore
#29. It took me five years to learn to play the game intelligently enough to make big money when I was right.
Jesse Lauriston Livermore
#30. long terrible story of man trying to find something other than God [to] make him happy."[21] In other words, sin is the result of self-centeredness and pride.
Kevin Livermore
#31. If you can't sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.
Jesse Lauriston Livermore
#32. The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.
Jesse Lauriston Livermore
#33. To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.
Jesse Lauriston Livermore
#34. He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.
Jesse Lauriston Livermore
#35. For humanity has moved forward to an era when wrong and slavery are being displaced, and reason and justice are being recognized as the rule of life.
Mary Livermore
#36. I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.
Jesse Lauriston Livermore
#37. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.
Jesse Lauriston Livermore
#38. I never expected my graduate degrees to give me all the practical how-to's that can perhaps only be learned through the school of hard knocks.
David Livermore
#39. "On Pat Hearne - He made money in stocks, and that made people ask him for advice. He would never give any. If they asked him point-blank for his opinion about the wisdom of their commitments he used a favorite race-track maxim of his: "You can't tell till you bet.""
Jesse Lauriston Livermore
#40. Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.
Jesse Lauriston Livermore
#41. There is only one side of the market and it is not the bull side or the bear side, but the right side.
Jesse Livermore
#42. I never argue with the tape. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia.
Jesse Lauriston Livermore
#43. Generating diverse ideas requires being clear about the kind of input needed and creating multiple ways for diverse team members to share their ideas (e.g. use more than just a brainstorming session).
David Livermore
#44. The more diverse your team, the better you'll be at identifying what a diversity of users perceive as problems.
David Livermore
#46. I cannot fear to be wrong because I never think I'm wrong until I am proven wrong. In fact, I am uncomfortable unless I am capitalizing my experience.
Jesse Lauriston Livermore
#47. Every once in a while you must go to cash, take a break, take a vacation. Don't try to play the market all the time. It can't be done, too tough on the emotions.
Jesse Lauriston Livermore
#48. Trends come like a series of ocean waves, bringing the high tide when things are good and, as conditions recede, the low tide appears. These trends come unexpectedly, unpredictably, and they have to be weathered with temperance, poise, and patience- good or bad.
Jesse Lauriston Livermore
#49. It isn't as important to buy as cheap as possible as it is to buy at the right time.
Jesse Livermore
#50. Courage, then, for the end draws near! A few more years of persistent, faithful work and the women of the United States will be recognized as the legal equals of men.
Mary Livermore
#51. If the unusual never happened there would be no difference in people and then there wouldn't be any fun in life. The game would become merely a matter of addition and subtraction. It would make of us a race of bookkeepers with plodding minds. It's the guessing that develops a man's brain power.
Jesse Lauriston Livermore
#52. Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader.
Jesse Lauriston Livermore
#53. Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.
Jesse Lauriston Livermore
#54. Developing an explicit decision-making process upfront for how you will make that decision will help alleviate conflict and gridlock when you actually need to decide.
David Livermore
#55. There are highly innovative companies in the U.S., Germany, and India. And there are many stories of companies that failed to innovate in all those countries. This is good news because it means, regardless of your cultural background or where your company is based, it can become innovative.
David Livermore
#56. May we all beware lest our innovative ideas appear very cliche before we even blink.
David Livermore
#57. It is what people actually did in the stock market that counted - not what they said they were going to do.
Jesse Lauriston Livermore
#58. I don't know whether I make myself plain, but I never lose my temper over the stock market. I never argue with the tape. Getting sore at the market doesn't get you anywhere.
Jesse Lauriston Livermore
#59. I know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgment.
Jesse Lauriston Livermore
#60. Clashing expectations are what most consistently derail any team, and especially a culturally diverse team. So if you take the time to "define" the goal carefully upfront, you've addressed one of the most difficult and important parts of the innovative process.
David Livermore
#61. Minimization is what happens when we take the "world is flat" idea too far ... and act as if people everywhere are the same (and thereby minimizing the differences).
David Livermore
#62. Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.
Jesse Lauriston Livermore
#63. There are times when you should be completely out of the market, for emotional as well as economic reasons.
Jesse Lauriston Livermore
#65. A man must believe in himself and his judgement if he expects to make a living at this game. That is why I don't believe in tips.
Jesse Lauriston Livermore
#66. There are people who are out to take advantage of others and some who are merely putting in their time. But most of the people I encounter in the work place are desperately trying to make a difference and what to be effective at their jobs.
David Livermore
#67. Philanthropy is one of the most hopeful characteristics of our time.
Mary Livermore
#69. At long as a stock is acting right, and the market is right, do not be in a hurry to take profits. One should never permit speculative ventures to run into investments.
Jesse Lauriston Livermore
#70. The better you work to find the pain point and problem facing a diversity of users, the more clearly you can DEFINE the goal when you implement the process for culturally intelligent innovation.
David Livermore
#71. What really makes the difference in innovation is whether the corporate culture is paying attention to innovation.
David Livermore
#72. It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.
Jesse Lauriston Livermore
#73. The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements.
Jesse Lauriston Livermore
#74. Natural light consistently fosters innovation, as does the avoidance of disturbances from noise and extreme temperatures.
David Livermore
#75. Given the increasing diversity among customers and employees, organizations that attend to cultural intelligence are more successful.
David Livermore
#76. They say you never grow poor taking profits. No, you don't. But neither do you grow rich taking a four-point profit in a bull market. Where I should have made twenty thousand dollars I made two thousand. That was what conservatism did for me.
Jesse Lauriston Livermore
#77. Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on.
Jesse Lauriston Livermore
#78. A man must study general conditions, to seize them so as to be able to anticipate probabilities.
Jesse Lauriston Livermore
#79. The stock market is never obvious. It is designed to fool most of the people, most of the time.
Jesse Lauriston Livermore
#80. Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.
Jesse Lauriston Livermore
#82. Nature is good for all of us. When we're exposed to trees and other natural settings - even within the city, it fosters creativity.
David Livermore
#84. Culturally intelligent innovation begins with changing our impulse from Why can't you see it like I do? to Help me see what I might be missing!
David Livermore
#85. I'm obsessed with efficiency. And there are some tasks I need to just leave alone. And there are others - like an evening with one of my daughters or my wife - where I need to toss efficiency aside and simply be in the moment.
David Livermore
#86. The distraction, particularly of technology, impedes the innovative process. And when you add to that the distraction of working with colleagues who are in different time zones and/or who have a different approach to urgency and distraction, the potential for losing focus is abundant.
David Livermore
#87. There is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.
Jesse Lauriston Livermore
#89. Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.
Jesse Lauriston Livermore
#90. The best way to improve perspective taking is to see users up close.
David Livermore
#91. The most important part of aligning various expectations is to clearly describe the problem you are trying to solve and identify at least three different ways diverse users experience this problem. The more diverse your team, the better you'll be at doing this.
David Livermore
#92. For me, the key question is what's behind the dangerous idea. If it's simply to stir things up and appear radical, I'm not interested. But if it's done with a quest to learn, evolve, and improve the quality of life for people everywhere, I'm on board.
David Livermore
#93. If I buy stocks on Smith's tip I must sell those same stocks on Smith's tip. I am depending on him. Suppose Smith is away on a holiday when the selling time comes around?
Jesse Lauriston Livermore
#94. My main life lesson from investing: self-interest is the most powerful force on earth, and can get people to embrace and defend almost anything.
Jesse Lauriston Livermore
#95. A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.
Jesse Livermore
#96. Even an organization that doesn't do much work internationally will benefit from a culturally intelligent strategy to innovation. Working across different generations, business units, regions, and functions are all factors that can also influence the innovation process.
David Livermore
#97. "I can't sleep" answered the nervous one.
"Why not?" asked the friend.
"I am carrying so much cotton that I can't sleep thinking about. It is wearing me out. What can I do?"
"Sell down to the sleeping point", answered the friend.
Jesse Lauriston Livermore
#98. The very ability to empathize with a user requires that I have an understanding of that user's value and needs. This is what leads to many product fails. The individuals developing the innovation don't actually use it.
David Livermore
#99. Above the titles of wife and mother, which, although dear, are transitory and accidental, there is the title human being, which precedes and out-ranks every other.
Mary Livermore
#100. Trust is consistently seen as a make or break component of innovation - particularly because the freedom to fail is an important part of innovation.
David Livermore
