Convince Quote by Jesse Lauriston Livermore
“If somebody had told me my method would not work I nevertheless would have tried it out to make sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating.”
About This Quote
Source Book: Reminiscences of a Stock Operator by Edwin Lefèvre, 1923
He would test a method despite doubts, learning only from financial loss, and judged success by profit.
In simple terms: Test ideas, learn from loss, profit shows success.
Key Takeaway
Validate ideas through real‑world testing.
Themes
risk
testing
learning
profit
speculation
Mood
cautious
analytical
determined
Type
aphilosophical
inspirational
When to use this quote
- trading
- entrepreneurship
- product development
- investment decisions
- startup pivots
Key Concepts
behavioral finance
loss aversion
market psychology
Questions to Reflect On
- What evidence would you need beyond profit to trust a method?
- How do you separate luck from skill?
A Different Perspective
Losses may not always reveal truth if markets are irrational.
