Brother Quote by Jesse Lauriston Livermore
“If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of ten thousand brothers or cousins of the original.”
About This Quote
Source Book: Reminiscences of a Stock Operator, 1940, Finance Memoir
Wise and lucky people avoid repeating the same error, yet they may still repeat similar mistakes across related situations.
In simple terms: Avoid repeating exact mistakes, but similar errors can recur.
Key Takeaway
Learn from patterns, not just single failures.
Themes
wisdom
luck
mistakes
Mood
reflective
cautious
Type
philosophical
practical
When to use this quote
- investment decisions
- career choices
- personal relationships
Key Concepts
risk management
behavioral finance
learning from errors
Questions to Reflect On
- What patterns do you see in your repeated mistakes?
- Can you separate luck from skill?
A Different Perspective
Luck is unpredictable; wisdom may not prevent all errors.
