Jesse Livermore Quotes

One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.

Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored.

A speculator gambles that a stock will go up in price because somebody else will pay even more for it.

There is only one side of the market and it is not the bull side or the bear side, but the right side.

The market is like a language, and you have to be able to understand what they're saying.

Markets love volatility.

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

Markets are unforgiving, and sometimes they move for reasons we can't possibly foresee.

The Stock Market is designed to transfer money from the Active to the Patient.

The correct attitude of the security analyst toward the stock market might well be that of a man toward his wife. He shouldn't pay too much attention to what the lady says, but he can't afford to ignore it entirely. That is pretty much the position that most of us find ourselves vis-à-vis the stock market.

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.

It 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.

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.

you may take it as an axiom that you cannot profit in Wall Street by continuously doing the obvious or the popular thing

You'd rather own gold; never own the miner.

At the end of the day, the markets are my passion.

Everybody thinks that they're going to time the market, they're going to sharpshoot the market, and buy right at the bottom. The truth of the matter is that nobody is good at it.

I don’t know why the Stock Market does what it does.

The markets are the world's greatest Rubik's cube. And I love solving puzzles.

Successful investing is all about common sense.

My advice to most people is don't short stocks. It's a very, very difficult business. And you can really get clobbered.

There are two ways to approach the market. You can guess which direction prices will go in next, or you can figure out what businesses and their securities are really worth.

When investing, pessimism is your friend, euphoria the enemy.

One of the most helpful things that anybody 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. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.

The concept of paying one-hundred-and-something times earnings for any company for me is just anathema. Having said that, at the end of the day, your job is to buy what goes up and to sell what goes down so really who gives a damn about PE's?