Bigs Quote by Jesse Lauriston Livermore
“Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.”
About This Quote
Source Book: Reminiscences of a Stock Operator, Edwin Lefèvre, 1923
Success requires both confidence in one's analysis and the patience to hold positions despite market noise.
In simple terms: Be right and stay patient.
Key Takeaway
Balance conviction with patience.
Themes
finance
patience
confidence
risk management
Mood
determined
reflective
Type
advice
motivational
When to use this quote
- trading
- investment decisions
- long‑term portfolio building
Key Concepts
market psychology
behavioral finance
position sizing
Questions to Reflect On
- How do you know when to stay versus exit?
- What habits build disciplined patience?
A Different Perspective
Over‑confidence can lead to reckless holding; market shifts may outpace patience.
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