--- title: "Meaning & Key Takeaway of: Most people, whether bull or bear, when…" description: "\"Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.\" — Jesse Lauriston Livermore" image: "https://sms4smile.com/quotes/i/859/jesse-lauriston-livermore-8857_bears_most-people-whether-bull-or-bear-when-th_1813607.png" --- # Most people, whether bull or bear, when they are right… ![“Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.” quote by Jesse Lauriston Livermore](https://sms4smile.com/quotes/i/859/jesse-lauriston-livermore-8857_bears_most-people-whether-bull-or-bear-when-th_1813607.png) [Download](https://sms4smile.com/quotes/i/859/jesse-lauriston-livermore-8857_bears_most-people-whether-bull-or-bear-when-th_1813607.png) [Open image](https://sms4smile.com/quotes/i/859/jesse-lauriston-livermore-8857_bears_most-people-whether-bull-or-bear-when-th_1813607.png) > “Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.” [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Success can be achieved for the wrong reasons, leading to misguided confidence. **In simple terms:** Being right for the wrong reasons is problematic. Key Takeaway Seek correct motivations. Themes finance decision‑making psychology Mood analytical cautious Type financial philosophical When to use this quote - trading - investment strategy - leadership decisions Key Concepts moral reasoning cognitive bias Questions to Reflect On - What drives your decisions? - How do you evaluate the ethics of your choices? A Different Perspective Correct reasons are essential for lasting success. ★ ★ ★ ★ ★ No ratings yet [Bear Right](https://sms4smile.com/quotes/about/bear-right-649352/) [Bears](https://sms4smile.com/quotes/about/bears/) [Bulls](https://sms4smile.com/quotes/about/bulls/) [Investing](https://sms4smile.com/quotes/about/investing/) [Opinion](https://sms4smile.com/quotes/about/opinion/) [People](https://sms4smile.com/quotes/about/people/) [People Bull](https://sms4smile.com/quotes/about/people-bull-2136820/) [Reason](https://sms4smile.com/quotes/about/reason/) [Reason Opinion](https://sms4smile.com/quotes/about/reason-opinion-2136819/) [Right Wrong](https://sms4smile.com/quotes/about/right-wrong/) [Wrong](https://sms4smile.com/quotes/about/wrong/) [Wrong Reason](https://sms4smile.com/quotes/about/wrong-reason-510163/) [Wrong reasons](https://sms4smile.com/quotes/about/wrong-reasons/) ## Related quotes > [There is only one side to the stock market; and it is not the bull side or the bear side, but the right side](https://sms4smile.com/quotes/jesse-lauriston-livermore/there-is-only-one-side-to-the-stock-market-and-it-is-not-the-bull/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Guessing right for the wrong reason does not merit scientific immortality.](https://sms4smile.com/quotes/stephen-jay-gould/guessing-right-for-the-wrong-reason-does-not-merit-scientific/) [Stephen Jay Gould](https://sms4smile.com/quotes/author/stephen-jay-gould/) > [There are two threats to reason, the opinion that one knows the truth about the most important things and the opinion that there is…](https://sms4smile.com/quotes/allan-bloom/there-are-two-threats-to-reason-the-opinion-that-one-knows-the-truth/) [Allan Bloom](https://sms4smile.com/quotes/author/allan-bloom/) > [It's no question I'm being treated differently, and on top of that they can't see people their own bull to realize I'm being left…](https://sms4smile.com/quotes/anonymous/it-s-no-question-i-m-being-treated-differently-and-on-top-of-that/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [“Don't you get sick and tired of other people's bull shit? I certainly do.”](https://sms4smile.com/quotes/calvin-vandegrift/don-t-you-get-sick-and-tired-of-other-people-s-bull-shit-i-certainly/) [Calvin Vandegrift](https://sms4smile.com/quotes/author/calvin-vandegrift/) > [Tell him he's wrong. Tell him that even if he's right about waiting, he's right for the wrong reasons, and that makes him all…](https://sms4smile.com/quotes/stephen-king/tell-him-he-s-wrong-tell-him-that-even-if-he-s-right-about-waiting-he/) [Stephen King](https://sms4smile.com/quotes/author/stephen-king/) > [Some of us say, "Lord knows how much I can bear". I think you can assume that you can bear more than you have…](https://sms4smile.com/quotes/john-henrik-clarke/some-of-us-say-lord-knows-how-much-i-can-bear-i-think-you-can-assume/) [John Henrik Clarke](https://sms4smile.com/quotes/author/john-henrik-clarke/) > [“One can always bear what is right.”](https://sms4smile.com/quotes/eva-ibbotson/one-can-always-bear-what-is-right/) [Eva Ibbotson](https://sms4smile.com/quotes/author/eva-ibbotson/) > [There is only one side of the market and it is not the bull side or the bear side, but the right side.](https://sms4smile.com/quotes/jesse-livermore/there-is-only-one-side-of-the-market-and-it-is-not-the-bull-side-or/) [Jesse Livermore](https://sms4smile.com/quotes/author/jesse-livermore/) > [If I believe that abortion is wrong, and I want to convince you that it's wrong, there's no reason I should recount to you…](https://sms4smile.com/quotes/jonathan-haidt/if-i-believe-that-abortion-is-wrong-and-i-want-to-convince-you-that/) [Jonathan Haidt](https://sms4smile.com/quotes/author/jonathan-haidt/) > [Indeed, Xcor stayed away for the wrong reason, the bad reason, an unacceptable reason—in spite of all his training, he found himself choosing Throe’s…](https://sms4smile.com/quotes/j-r-ward/indeed-xcor-stayed-away-for-the-wrong-reason-the-bad-reason-an/) [J.R. Ward](https://sms4smile.com/quotes/author/j-r-ward/) > [We may love the wrong person, I cry for the wrong reason, but one thing for sure is that mistakes help us to find…](https://sms4smile.com/quotes/shruti/we-may-love-the-wrong-person-i-cry-for-the-wrong-reason-but-one-thing/) [Shruti](https://sms4smile.com/quotes/author/shruti/) > [You May Love The Wrong Person, And Cry For The Wrong Reason. But Mistakes Will Help You Find The Right Person For A Good…](https://sms4smile.com/quotes/pacifiersucker/you-may-love-the-wrong-person-and-cry-for-the-wrong-reason-but/) [Pacifiersucker](https://sms4smile.com/quotes/author/pacifiersucker/) > [Its not that god give nothing to some, as in my case, he gives, but, at a wrong time, in a wrong shape, through…](https://sms4smile.com/quotes/senoraroy/its-not-that-god-give-nothing-to-some-as-in-my-case-he-gives-but-at-a/) [Senoraroy](https://sms4smile.com/quotes/author/senoraroy/) > [You may love the wrong person,cry for the wrong reason.But one thing for sure,mistakes help us to find the RIGHT person.](https://sms4smile.com/quotes/el-jush/you-may-love-the-wrong-person-cry-for-the-wrong-reason-but-one-thing/) [El Jush](https://sms4smile.com/quotes/author/el-jush/) ## More by Jesse Lauriston Livermore > [After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was…](https://sms4smile.com/quotes/jesse-lauriston-livermore/after-spending-many-years-in-wall-street-and-after-making-and-losing/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull…](https://sms4smile.com/quotes/jesse-lauriston-livermore/disregarding-the-big-swing-and-trying-to-jump-in-and-out-was-fatal-to/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Money is made by sitting, not trading.](https://sms4smile.com/quotes/jesse-lauriston-livermore/money-is-made-by-sitting-not-trading/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [My main life lesson from investing: self-interest is the most powerful force on earth, and can get people to embrace and defend almost anything.](https://sms4smile.com/quotes/jesse-lauriston-livermore/my-main-life-lesson-from-investing-self-interest-is-the-most-powerful/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Every once in a while you must go to cash, take a break, take a vacation. Don't try to play the market all the…](https://sms4smile.com/quotes/jesse-lauriston-livermore/every-once-in-a-while-you-must-go-to-cash-take-a-break-take-a/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [The only thing to do when a man is wrong is to be right by ceasing to be wrong.](https://sms4smile.com/quotes/jesse-lauriston-livermore/the-only-thing-to-do-when-a-man-is-wrong-is-to-be-right-by-ceasing-to/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.](https://sms4smile.com/quotes/jesse-lauriston-livermore/never-try-to-sell-at-the-top-it-isn-t-wise-sell-after-a-reaction-if/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [When a man is right he wants to get all that is coming to him for being right.](https://sms4smile.com/quotes/jesse-lauriston-livermore/when-a-man-is-right-he-wants-to-get-all-that-is-coming-to-him-for/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [I know from experience that nobody can give me a tip or a series of tips that will make more money for me than…](https://sms4smile.com/quotes/jesse-lauriston-livermore/i-know-from-experience-that-nobody-can-give-me-a-tip-or-a-series-of/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.](https://sms4smile.com/quotes/jesse-lauriston-livermore/to-anticipate-the-market-is-to-gamble-to-be-patient-and-react-only/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of…](https://sms4smile.com/quotes/jesse-lauriston-livermore/it-is-literally-true-that-millions-come-easier-to-a-trader-after-he/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [A man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured…](https://sms4smile.com/quotes/jesse-lauriston-livermore/a-man-may-see-straight-and-clearly-and-yet-become-impatient-or/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.](https://sms4smile.com/quotes/jesse-lauriston-livermore/the-market-does-not-beat-them-they-beat-themselves-because-though/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told…](https://sms4smile.com/quotes/jesse-lauriston-livermore/the-average-man-doesn-t-wish-to-be-told-that-it-is-a-bull-or-a-bear/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) > [Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job…](https://sms4smile.com/quotes/jesse-lauriston-livermore/speculation-is-a-hard-and-trying-business-and-a-speculator-must-be-on/) [Jesse Lauriston Livermore](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) [Explore all 77 Jesse Lauriston Livermore quotes ](https://sms4smile.com/quotes/author/jesse-lauriston-livermore/) ## More Bears quotes > [For not only every democracy, but certainly every republic, bears within itself the seeds of its own destruction.](https://sms4smile.com/quotes/anonymous/for-not-only-every-democracy-but-certainly-every-republic-bears/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [She'd read once that if you ran into a bear in the woods you should avoid eye contact and you shouldn't run away, but…](https://sms4smile.com/quotes/anne-ursu/she-d-read-once-that-if-you-ran-into-a-bear-in-the-woods-you-should/) [Anne Ursu](https://sms4smile.com/quotes/author/anne-ursu/) > [In the movie, the stars above the ship bear no correspondence to any constellations in a real sky. Worse yet, while the heroine bobs...…](https://sms4smile.com/quotes/neil-degrasse-tyson/in-the-movie-the-stars-above-the-ship-bear-no-correspondence-to-any/) [Neil deGrasse Tyson](https://sms4smile.com/quotes/author/neil-degrasse-tyson/) > [Television series are like the stock market. There's room for bears and bulls but no room for pigs.](https://sms4smile.com/quotes/bob-newhart/television-series-are-like-the-stock-market-there-s-room-for-bears/) [Bob Newhart](https://sms4smile.com/quotes/author/bob-newhart/) > [The Germans are the most philosophic people in the world, and the greatest smokers: now I trace their philosophy to their smoking. Smoking has…](https://sms4smile.com/quotes/george-henry-borrow/the-germans-are-the-most-philosophic-people-in-the-world-and-the/) [George Henry Borrow](https://sms4smile.com/quotes/author/george-henry-borrow/) > [...Gratitude transforms the torment of memory of good things now gone into silent joy. One bears what was lovely in the past not as…](https://sms4smile.com/quotes/dietrich-bonhoeffer/gratitude-transforms-the-torment-of-memory-of-good-things-now-gone/) [Dietrich Bonhoeffer](https://sms4smile.com/quotes/author/dietrich-bonhoeffer/) > [You've had a whole lot of experience, but everything is also radically new at each moment, and you have to bring a kind of…](https://sms4smile.com/quotes/jean-houston/you-ve-had-a-whole-lot-of-experience-but-everything-is-also-radically/) [Jean Houston](https://sms4smile.com/quotes/author/jean-houston/) > [The rationale which accompanies that imposition of male authority euphemistically referred to as 'the battle of the sexes' bears a certain resemblance to the…](https://sms4smile.com/quotes/kate-millett/the-rationale-which-accompanies-that-imposition-of-male-authority/) [Kate Millett](https://sms4smile.com/quotes/author/kate-millett/) > [Pay no heed to the passing religious vogue. Go back to the grass roots. Open your hearts and search the Scriptures. Bear your cross,…](https://sms4smile.com/quotes/aiden-wilson-tozer/pay-no-heed-to-the-passing-religious-vogue-go-back-to-the-grass-roots/) [Aiden Wilson Tozer](https://sms4smile.com/quotes/author/aiden-wilson-tozer/) > [I want you to take a red-hot bath as hot as you can bear it, and just relax your nerves. You can read in…](https://sms4smile.com/quotes/f-scott-fitzgerald/i-want-you-to-take-a-red-hot-bath-as-hot-as-you-can-bear-it-and-just/) [F. Scott Fitzgerald](https://sms4smile.com/quotes/author/f-scott-fitzgerald/) > [He sank into the rocking chair, the same one in which Rebecca had sat during the early days of the house to give embroidery…](https://sms4smile.com/quotes/gabriel-garc-a-m-rquez/he-sank-into-the-rocking-chair-the-same-one-in-which-rebecca-had-sat/) [Gabriel Garcia Marquez](https://sms4smile.com/quotes/author/gabriel-garc-a-m-rquez/) > [Some things in this world just ain't meant to be, not in the times we want 'em to, and the heart has to hold…](https://sms4smile.com/quotes/james-mcbride/some-things-in-this-world-just-ain-t-meant-to-be-not-in-the-times-we/) [James McBride](https://sms4smile.com/quotes/author/james-mcbride/) > [And if anyone knows anything about anything," said Bear to himself, "it's Owl who knows something about something," he said, "or my name's not…](https://sms4smile.com/quotes/anonymous/and-if-anyone-knows-anything-about-anything-said-bear-to-himself-it-s/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I'm totally independent. I don't bear any responsibility to any system.](https://sms4smile.com/quotes/ai-weiwei/i-m-totally-independent-i-don-t-bear-any-responsibility-to-any-system/) [Ai Weiwei](https://sms4smile.com/quotes/author/ai-weiwei/) > [I'm supportive of women, absolutely, and it's so gratifying to have girls come up and say, 'I'm really inspired by your guitar playing.' I…](https://sms4smile.com/quotes/st-vincent/i-m-supportive-of-women-absolutely-and-it-s-so-gratifying-to-have/) [St. Vincent](https://sms4smile.com/quotes/author/st-vincent/) [Browse all 4,111 Bears quotes ](https://sms4smile.com/quotes/about/bears/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.", "creator": { "@type": "Person", "name": "Jesse Lauriston Livermore" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/jesse-lauriston-livermore/most-people-whether-bull-or-bear-when-they-are-right-are-right-for/", "about": { "@type": "Thing", "name": "Bears" }, "@id": "https://sms4smile.com/quotes/jesse-lauriston-livermore/most-people-whether-bull-or-bear-when-they-are-right-are-right-for/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/859/jesse-lauriston-livermore-8857_bears_most-people-whether-bull-or-bear-when-th_1813607.png", "contentUrl": "https://sms4smile.com/quotes/i/859/jesse-lauriston-livermore-8857_bears_most-people-whether-bull-or-bear-when-th_1813607.png", "url": "https://sms4smile.com/quotes/i/859/jesse-lauriston-livermore-8857_bears_most-people-whether-bull-or-bear-when-th_1813607.png", "width": 1080, "height": 1080, "caption": "“Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.” — Jesse Lauriston Livermore", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Jesse Lauriston Livermore", "item": "https://sms4smile.com/quotes/author/jesse-lauriston-livermore/" }, { "@type": "ListItem", "position": 4, "name": "Most people, whether bull or bear,...", "item": "https://sms4smile.com/quotes/jesse-lauriston-livermore/most-people-whether-bull-or-bear-when-they-are-right-are-right-for/" } ], "@id": "https://sms4smile.com/quotes/jesse-lauriston-livermore/most-people-whether-bull-or-bear-when-they-are-right-are-right-for/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```