Jesse Livermore on mistakes and learning

If I learned all this so slowly it was because I learned by my mistakes, and some time always elapses between making a mistake and realizing it, and more time between realizing it and exactly determining it.

~ Jesse Lauriston Livermore

Jesse Livermore on how bull markets end

A market does not culminate in one grand blaze of glory. Neither does it end with a sudden reversal of form. A market can and does often cease to be a bull market long before prices generally begin to break.

~ Jesse Lauriston Livermore

Jesse Livermore on the stock market

The stock market is never obvious.  It is designed to fool most of the people, most of the time.

~ Jesse Lauriston Livermore

Jesse Livermore on patience and investing

I've found that the big money was never made in the buying or selling, was made in the waiting.

~ Jesse Livermore