There is only one side of the market and it is not the bull side or the bear side, but the right side.
Jesse LivermoreRead
It isn't as important to buy as cheap as possible as it is to buy at the right time.
Interpretation
What this quote means
Timing the market is more crucial than simply finding a bargain.
Jesse Livermore's quote emphasizes that in the realm of investing, the timing of when to make a purchase can be more significant than focusing solely on minimizing costs. Buying at the right moment can lead to greater profits and success, while purchasing at the wrong time, even if prices seem attractive, can result in losses.
Themes
InvestmentTimingValueFinanceMarket
In practice
Example use cases
Use this quote during a financial seminar to highlight the importance of market timing in investments.
More from Jesse Livermore
All quotes βSimilar quotes
Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.
Mohamed El-ErianRead
The thing I have discovered about working with personal finance is that the good news is that it is not rocket science. Personal finance is about 80 percent behavior. It is only about 20 percent head knowledge.
Dave RamseyRead
The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.
Alan GreenspanRead
There's so much disagreement about investing, and it's because nobody really knows.
Robert J. ShillerRead
We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
Warren BuffettRead
If you're trading individual securities, you're almost certainly making a mistake. Because most professional managers can't outperform their benchmarks, and there's little reason to think that individuals can.
Richard ThalerRead