Roman Levit

“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

“There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!”
― Edwin Lefèvre, Reminiscences of a Stock Operator

“They say you never grow poor taking profits. No, you don’t. But neither do you grow rich taking a four-point profit in a bull market.”
― 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