Jesse Livermore Quotes

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

I'm making my money make money.

After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!

Look at those hedge funds - you think they can wait? They don't know how to wait! I have sat for years at a time with $10 to $12 million in treasuries or municipals, just waiting, waiting...As Jesse Livermore said, 'The big money is not in the buying and selling...but in the waiting.'

An active investor is someone who actually lives off their investments as opposed to wages from a job.

Most people put money in their piggy bank. I buy a goose that lays golden eggs over and over again. That's what an asset is.

Who can wait quietly until the mud settles? Who can remain still until the moment of action?

When in doubt, stand still.

Wall Street makes its money on activity. You make your money on inactivity.

The key is to wait. Sometimes the hardest thing to do is to do nothing.

Here they learned to Wait. To Watch. To think thoughts and not voice them.

Sometimes, the hardest thing was doing nothing.

The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money...but never learn to have money work for them.

Buffett’s genius was largely a genius of character—of patience, discipline, and rationality.

To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence.

Not everything has to be immediate.

Your goal, as a creative investor, is to launch your ship into financial orbit ... and then put it on automatic pilot.

To think twice in every matter and follow the lead of others is no way to make money.

Sometimes doing nothing is doing something.

It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.

Isn’t that what it means to be civilized? That you can wait to get what you want?

I'm someone who thinks that where there's a void, I need to fill it, but I'm trying to have patience and a little bit of discipline.

Time is the best kept secret of the rich.

Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.

I think when we don't know what to do it's wise to do nothing. Sit down quietly; quiet our hearts and minds and breathe deeply.