A Quote by Jesse Lauriston Livermore
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!
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It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.
It never was my thinking that made the big money for me. It always was my sitting.
I joined Bloomberg Television as an anchor in 2011 after spending fourteen years on Wall Street. In many ways, the industries are similar: it's about relationship-building, trust, and problem solving.
Wall Street is at best ambivalent. The size of the accounts is nothing big. How many Wall Street firms do you know that are running after people with $5,000 accounts?
After I finished college, I got a job on Wall Street as a derivatives trader, but after a couple years of it, I was calling in sick in order to work on my novel.
At Cornell University, it was well known that after five years on Wall Street, you could expect to be making half a million a year in salary and bonus; after 10 years, you could expect a million or more. I had 60 grand of university debt, and my parents had no retirement. I needed that money.
I've always enjoyed making up stories, especially when I was bored and just sitting around. It got really serious after the children came along.
We all forget that when a TV network says, 'Look, we're broke,' it means that they're not making as much money as they would like to be making. They're still making millions and millions of dollars - they're just not making billions and billions of dollars.
In the U.K., there's absolutely no money for television. So you can do pretty much whatever you want. They're not losing money on any of the shows, so they'll give you a lot of creative freedom. In the United States, there are millions and millions of dollars at stake, so they need a sure formula.
When I was three and a half years old, I heard my big sister tell my mum that at school that day all the kids sat on the floor and watched 'The Neverending Story.' Having never heard of the movie, I concluded that this was what school must be: sitting cross legged on the floor listening to a never-ending story. Page after page.
I never cared about money. I'm not destined to be a rich woman. I'm destined to be a woman who makes a lot of money and never has any. I've made millions and millions and millions of dollars and I just spend it.
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.
It become totally untenable to me that after acting for 25 years - I've played Juliet, Cleopatra and Anne Frank - there I was, sitting in Hollywood, just waiting for somebody to want me.
If money is free speech, the big interests are sitting in front with megaphones and the average citizens are sitting in the back.
I have this memory of being 15 years old, sitting with a friend on the steps of a little bookstore on Bloor Street in Toronto and saying, 'I'll never take money for my writing!' I had such idealism about this idea of trading your soul for money.
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