Quote#Nature
The speculators deadly enemies are: Ignorance, greed, fear and hope.…
Quote byEdwin Lefèvre · 1871–1943
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: Reminiscences of a Stock Operator (1923), Chapter XXIII, p. 278.
English (original)
The speculators deadly enemies are: Ignorance, greed, fear and hope. All the statute books in the world and all the rules of all the Exchanges on earth cannot eliminate these from the human animal.
— Edwin Lefèvre
More from Edwin Lefèvre
There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!
One of the most helpful things that any body 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.
A stock operator has to fight a lot of expensive enemies within himself.
The game taught me the game.
A battle goes on in the stock market and the tape is your telescope. You can depend upon it seven out of ten cases.
"the public never is independently responsive to news."