Jesse Livermore (1877-1940)
Jesse Lauriston Livermore (July 26, 1877 – November 28, 1940), also known as the Boy Plunger[1] and "Great Bear of Wall Street", was an American stock trader. He was famed for making and losing several multi-million dollar fortunes and short selling during the stock market crashes in 1907 and 1929.
Quotes·Quotations by Jesse Livermore
Investor
¶ All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis.
Speculation
¶ The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.
References
[1]^ Edwin Lefèvre (1923). Reminiscences of a Stock Operator. p. 14.
http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore