Jesse Livermore Quotes

Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop.

If you go back to 2001, the market had two violent short covering rallies then, although I know the market didn't officially get going until March 2003.

Actually, one of the better indicators historically of how well the stock market will do is just a Gallup poll, when you ask Americans if you think it's a good time to invest in stocks, except it goes the opposite direction of what you would expect. When the markets going up, it in fact makes it more prone toward decline.

The trend of the market is up, not down. Shorting stocks puts you against that trend and thus makes it more difficult to make money.

Whenever you hear a discussion about the short-term swings in any given stock's price, your immediate thought should be whether it matters to why you are investing.

Short sellers sell stock they have borrowed, hoping to buy it back later when its price has fallen.

In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.

I'm watching the charts every week and hoping something will pop into my head.

To beat the market you'll have to invest serious bucks to dig up information no one else has yet.

I grade my stocks. I'm what they call a quant, one of the geeks of the stock market.

I've been investing in the stock market for 27 years and, within that time, have helped investors beat the market nearly four to one.

The proposition is that prices reflect all available information, which in simple terms means since prices reflect all available information, there's no way to beat the market.

In my business investing, you are buying a stock, and someone else is selling the stock. Right there, that's like a debate. Is the stock going up, or is it going to go down?

We like to invest in market leaders.

The stock knows that I bought it, and it decides, 'Mohnish is done. Now let's go down.'

I'm not short, so I can make a speech and drive the stock down and cover the stock. That's not what I do.

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.

I love the Knicks and Rangers, right, but you still have a responsibility to your shareholders. They're not there because they're fans. You don't invest hundreds of millions of dollars in a stock because you're a fan. You do it because you think that the business is going to increase in value, that the stock price is going to go up.

It doesn't matter whether the market is up or down. All the day traders want is volatility.

The idea that a bell rings to signal when investors should get into or out of the stock market is simply not credible. After nearly fifty years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently. Yet market timing appears to be increasingly embraced by mutual fund investors and the professional managers of fund portfolios alike.

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

The American economy is going to do fine. But it won't do fine every year and every week and every month. I mean, if you don't believe that, forget about buying stocks anyway... It's a positive-sum game, long term. And the only way an investor can get killed is by high fees or by trying to outsmart the market.

Often, there is no correlation between the success of a company's operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.

Never buy a stock because it has gone up or sell one because it has gone down.