The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.

Investors
Jesse Lauriston Livermore
The "Boy Plunger" born in 1877 Massachusetts, who entered a Boston bucket shop at 14 and cycled through fortunes and bankruptcies on price action alone. A foundational figure in technical analysis.
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Jesse Lauriston Livermore's Other Quotes
There is nothing new in Wall Street. There can't be because speculation is as old as the hills.
It was never my thinking that made the big money for me. It always was my sitting.
A man must believe in himself and his judgment if he expects to make a living at this game.
The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.
I know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgment.
Related Quotes
Endure and renounce.
-- Epictetus
Fire tests gold; adversity tests strong people.
-- Seneca
Bodily pain does not last without limit; intense pain is brief in duration.
-- Epicurus
If you carve without ceasing, even metal and stone can be engraved.
-- Xunzi
He who has a why to live can bear almost any how.
-- Friedrich Nietzsche
Energy and persistence conquer all things.
-- Benjamin Franklin