A Quote by Jesse Lauriston Livermore
The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.
Quote Topics
Quote Author
Related Quotes
To see professionals working hard every day, making a big commitment to the club with a desire to improve every day is something I want. That's the only way they can play with me.
I have been in Wall Street all of my life. I love it. It has been good to me. I know many wonderful, decent, honorable, ethical, hard-working people that were in Wall Street with me.
All roads lead to Wall Street, but we feel the effects of Wall Street on every street corner. Certainly in Syracuse, N.Y., where I live.
Hillary Clinton and Donald Trump have deep ties to corporate money. They both have a detailed and complexed view of how some on Wall Street manipulate the game. They know where the excesses are and who is to blame. If willing to take on their friends, they both could reform Wall Street from the inside.
You cannot be a party which takes money from Wall Street, which is not strong on the pharmaceutical industry, which is ripping us off every day, which is not strong on health care in taking on the insurance companies, which has not shown a desire to stand up and fight the economic establishment, and then tell working families that you are on their side. People see through that.
Safe working conditions, fair wages, protection from forced labor, and freedom from harassment and discrimination - these must become standard global operating conditions.
Nafta has been responsible for a race to the bottom in standards across North America, with working conditions declining along with wages.
What Wall Street is, they're market makers. Wall Street's business model is making money on velocity of money. They're a click industry. That's what Wall Street is. They make a lot of money when there's a lot of turnover. And they make a lot of money when that velocity is fast.
Wall Street can be a dangerous place for investors. You have no choice but to do business there, but you must always be on your guard. The standard behavior of Wall Streeters is to pursue maximization of self-interest; the orientation is usually short term. This must be acknowledged, accepted, and dealt with. If you transact business with Wall Street with these caveats in mind, you can prosper. If you depend on Wall Street to help you, investment success may remain elusive.
We must defend the rights of working people to bargain collectively for fair wages and safe working conditions.
A man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.
I believe that it may happen that one will succeed, and one must not begin to despair, even though defeated here and there; and even though one sometimes feels a kind of decay, though things go differently from the expected, it is necessary to take heart again and new courage. For the great things are not done by impulse, but by a series of small things brought together. And great things are not something accidental, but must certainly be willed. What is drawing? How does one learn it? It is working through an invisible iron wall that seems to stand between what one feels and what one can do.
Wall Street owns the country. It is no longer a government of the people, for the people and by the people, but a government for Wall Street, by Wall Street, and for Wall Street. The great common people of this country are slaves, and monopoly is the master…Let the bloodhounds of money who have dogged us thus far beware.
When I would work freelance in production in Chicago, there were a lot of times when I was working for cheap, bad people, and I was working for slave wages anyway, so there were some times when I might have filled out a couple of blank taxi receipts and kept some petty cash. But like I say, I was very selective. It was only people that I thought were assholes. The people that I liked I went far and above saving them money, much less taking it. But that's it. I'm pretty moral. I don't even like stealing jokes.
There are those on Wall Street and in the plutocracy who feel that Geithner is a hero who deftly steered the country from economic ruin. To many ordinary Americans, however, he is considered a Wall Street puppet and a servant of the so-called banksters.
When Occupy Wall Street happened, I took my money out of Citibank. I already had problems with all the banks - Citibank, Bank of America - but I was kind of just too lazy to take my money out until I saw how Citibank responded to Occupy Wall Street.
Related Authors
Jeff Yass Quotes
American
Trader
Jerome Kerviel Quotes
French
Trader
Linda Bradford Raschke Quotes
American
Trader
