Thursday, March 23, 2006

Two noteworthy quotes from Jesse Livermore

"Beware of ignorance. The market must be studied and learned, not in a casual fashion but seriously and deeply. The stock market, with its allures of easy money and fast action, induces people into the foolish mishandling of their money like no other entity. The reverse of ignorance is knowledge, and knowledge is power." --Jesse Livermore
"There is nothing new on Wall Street or in stock speculation. What has happened in the past will happen again and again. This is because human nature does not change, and it is human emotion that always gets in the way of human intelligence." --Jesse Livermore

No comments: