Bogdan Guranda

“The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.”
― Edwin Lefèvre, Reminiscences of a Stock Operator

“One of the most helpful things that anybody 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. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.”
― Edwin Lefèvre, Reminiscences of a Stock Operator

“Whatever happens in the stock market to-day has happened before and will happen again.”
― Edwin Lefèvre, Reminiscences of a Stock Operator

“If instead it reacted it meant that precedents had failed me and I was wrong; and the only thing to do when a man is wrong is to be right by ceasing to be wrong.”
― Edwin Lefèvre, Reminiscences of a Stock Operator