Edwin Lefevre Quotes

It never was my thinking that made the big money for me. It always was my sitting.

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.'

The big money is not in the buying and selling ... but in the waiting.

I think in business, you have to learn to be patient. Maybe I'm not very patient myself. But I think that I've learned the most is be able to wait for something and get it when it's the right time.

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.

Patience in Market, is worth Pounds in a year.

One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do. Most people – not that I’m better than most people – always have to be playing; they always have to be doing something. They make a big play and say, “Boy, am I smart, I just tripled my money.” Then they rush out and have to do something else with that money. They can’t just sit there and wait for something new to develop

The warrior of Light perseveres in his desire, but knows he must wait for the best moment.

The key to everything is patience. You get the chicken by hatching the egg, not by smashing it.

Patience pays off.

I've usually used the phrase 'stay the course' as one of the great rules of investment success.

Everyone can reach his goal, if he can think, wait and fast.

We are independent of the change we detect. The longer the lever, the less perceptible its motion. It is the slowest pulsation which is the most vital. The hero then will know how to wait, as well as to make haste. All good abides with him who waiteth wisely; we shall sooner overtake the dawn by remaining here than by hurrying over the hills of the west.

One thing I noticed when I was young was I was impatient for success. I think everybody is impatient for success. It will come. But don't - you shouldn't let that impatience drive you crazy.

Patience, he thought. So much of this was patience - waiting, and thinking and doing things right. So much of all this, so much of all living was patience and thinking.

I believe it will take time to find a solution to the problem. Thus we must have patience.

Possess your soul with patience.

Strength comes from waiting.

Biding one's time is a very different thing from patience.

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

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.

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.

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.