'Men who can both be right and sit tight are uncommon.'
About this quote
- What does it mean?
- Few investors can maintain correct judgments and hold their positions without wavering. "s": "It is rare to find people who are right about the market and can hold their positions.
- What can you take from it?
- Being right and staying calm is a rare combination in investing.
Where it applies
Putting it to work
Questions to consider
- What makes you stick to a plan?
- Are you rare in your discipline?
Another view
This overlooks the difficulty of being right in the first place.
More from Jesse Lauriston Livermore
'It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!'
Permalink to quote #3 'The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.'
Permalink to quote #5 'My dear boy,' said old Partridge, in great distress 'my dear boy, if I sold that stock now I'd lose my position; and then where would I be?'
Permalink to quote #2
Related quotes
'The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.'
Jesse Lauriston LivermoreJesse Lauriston Livermore quote #5 If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
George SorosGeorge Soros quote #7 'It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!'
Jesse Lauriston LivermoreJesse Lauriston Livermore quote #3