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.
View this figure's profile
Jesse Lauriston Livermore's Other Quotes
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.
The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street.
There is nothing new in Wall Street. There can't be because speculation is as old as the hills.
A man must believe in himself and his judgment if he expects to make a living at this game.
It was never my thinking that made the big money for me. It always was my sitting.
Related Quotes
Our time horizon is five years. We are not focused on the next quarter.
-- Cathie Wood
Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.
-- Jack Ma
Know what you own, and know why you own it.
-- Peter Lynch
The key to making money in stocks is not to get scared out of them.
-- Peter Lynch
Being too far ahead of your time is indistinguishable from being wrong.
-- Howard Marks
Patience is bitter, but its fruit is sweet.
-- Hideyo Noguchi