"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 Politics See all quotes by Edwin Lefèvre →

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More by Edwin Lefèvre

“As I have said a thousand times, no manipulation can put stocks down and keep them down.”

“When you find that it fails to respond adequately to your buying you don't need any better tip to sell.”

“The game taught me the game.”

“People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth.”

“Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street.”

“As a matter of fact I trade in accordance to my means and always leave myself an ample margin of safety.”

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