Takamoto Livermore Quotes

Money is made by sitting, not trading. ~ Jesse Lauriston Livermore

Nature is good for all of us. When we're exposed to trees and other natural settings - even within the city, it fosters creativity. ~ David Livermore

I have always played a lone hand. It is the way my mind works. I have to do my own seeing and my own thinking. But I can tell you that after the market began to go my way I felt for the first time in my life that I had allies - the strongest and truest in the world: underlying conditions. They were helping me with all their might. ~ Jesse Lauriston Livermore

Perspective taking is taking on the perspective of others. It's what we do anytime we buy a gift for someone else ("What would they like?"). So it means breaking the golden rule ("Treat others the way you want to be treated") and instead, acknowledges that others may not want what you want. ~ David Livermore

Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires. ~ Jesse Lauriston Livermore

If you can't sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level. ~ Jesse Lauriston Livermore

I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit. ~ Jesse Lauriston Livermore

long terrible story of man trying to find something other than God [to] make him happy."[21] In other words, sin is the result of self-centeredness and pride. ~ Kevin Livermore

When you start paying attention to diversity, you notice it (and notice its absence!). And based on the culture of your upbringing and the culture of your organization, you may or may not be primed to think consciously about innovation. ~ David Livermore

The distraction, particularly of technology, impedes the innovative process. And when you add to that the distraction of working with colleagues who are in different time zones and/or who have a different approach to urgency and distraction, the potential for losing focus is abundant. ~ David Livermore

Almost every one of the great religions of the world has made special provisions for them, and the woman who has preferred a celibate to a domestic life has been able to occupy a position of honor and usefulness. ~ Mary Livermore

The most important part of aligning various expectations is to clearly describe the problem you are trying to solve and identify at least three different ways diverse users experience this problem. The more diverse your team, the better you'll be at doing this. ~ David Livermore

If I buy stocks on Smith's tip I must sell those same stocks on Smith's tip. I am depending on him. Suppose Smith is away on a holiday when the selling time comes around? ~ Jesse Lauriston Livermore

At long as a stock is acting right, and the market is right, do not be in a hurry to take profits. One should never permit speculative ventures to run into investments. ~ Jesse Lauriston Livermore

Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on. ~ Jesse Lauriston Livermore

To learn that a man can make foolish plays for no reason whatever was a valuable lesson. It cost me millions to learn that another dangerous enemy to a trader is his susceptibility to the urgings of a magnetic personality when plausibly expressed by a brilliant mind. It has always seemed to me, however, that I might have learned my lesson quite as well if the cost had been only one million. But Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill, knowing you have to pay it, no matter what the amount may be. ~ Jesse Livermore

Men who can both be right and sit tight are uncommon. ~ Jesse Lauriston Livermore

The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think. ~ Jesse Lauriston Livermore

Trends come like a series of ocean waves, bringing the high tide when things are good and, as conditions recede, the low tide appears. These trends come unexpectedly, unpredictably, and they have to be weathered with temperance, poise, and patience- good or bad. ~ Jesse Lauriston Livermore

I do think stories are one of the best tools for communicating across any number of cultures. But I also think there are wildly successful leaders who are introverted, disciplined, lead via spreadsheets and goals, and might not "appear" to be a great leader ... but in retrospect, made a massive impact. ~ David Livermore

My main life lesson from investing: self-interest is the most powerful force on earth, and can get people to embrace and defend almost anything. ~ Jesse Lauriston Livermore

These are people from everywhere, from Lawrence Livermore and JPL and Sandia National Labs, the FBI, all over the place, real scientists who see what we're doing, and they consistently thank us. "I agree your results aren't always right," they'll say, "but your methods are clearly showing that science is a re-creative process, and it's an interesting process because it's messy, and no other shows show that." ~ Adam Savage

When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up. ~ Jesse Lauriston Livermore

Don't give me timing, give me time ~ Jesse Lauriston Livermore

I was utterly free of speculative prejudices. The bear side doesn't appeal to me any more than the bull side, or vice versa. My one steadfast prejudice is against being wrong. ~ Jesse Lauriston Livermore

There are highly innovative companies in the U.S., Germany, and India. And there are many stories of companies that failed to innovate in all those countries. This is good news because it means, regardless of your cultural background or where your company is based, it can become innovative. ~ David Livermore

Culturally intelligent innovation begins with changing our impulse from Why can't you see it like I do? to Help me see what I might be missing! ~ David Livermore

I never argue with the tape. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia. ~ Jesse Lauriston Livermore

If I learned all this so slowly it was because I learned by my mistakes, and some time always elapses between making a mistake and realizing it, and more time between realizing it and exactly determining it. ~ Jesse Lauriston Livermore

Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader. ~ Jesse Lauriston Livermore

There are times when you should be completely out of the market, for emotional as well as economic reasons. ~ Jesse Lauriston Livermore

Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes. ~ Jesse Lauriston Livermore

Developing an explicit decision-making process upfront for how you will make that decision will help alleviate conflict and gridlock when you actually need to decide. ~ David Livermore

He will risk half his fortune in the stock market with less reflection that he devotes to the selection of a medium-priced automobile. ~ Jesse Lauriston Livermore

I never expected my graduate degrees to give me all the practical how-to's that can perhaps only be learned through the school of hard knocks. ~ David Livermore

There was a project at Lawrence Livermore National Labs where many years ago they went down this path for scripting and controlling very large numerical calculations. ~ Guido Van Rossum

It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance. ~ Jesse Lauriston Livermore

There are also three key experiences that consistently reveal a positive relationship with CQ: cross-cultural experience, educational level, and working in multicultural teams. These experiences informed several of the best practices suggested throughout the book for enhancing cultural intelligence. Cross-cultural ~ David Livermore

A man must study general conditions, to seize them so as to be able to anticipate probabilities. ~ Jesse Lauriston Livermore

It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind. ~ Jesse Lauriston Livermore

Szilard encouraged me to apply for a postdoc position at the Lawrence Radiation Laboratory in Livermore, though he knew I might work on nuclear weapons eventually. My job interview with Teller was both stimulating and unnerving; at the end of it, I suspected Teller understood my thesis better than I did. It was also terrifying; I had no warning who would interview me. ~ Gregory Benford

Courage, then, for the end draws near! A few more years of persistent, faithful work and the women of the United States will be recognized as the legal equals of men. ~ Mary Livermore

The two most important forms of diversity when it comes to innovation are visible diversity (typically skin color, age, gender, etc.) and underrepresentation (anytime someone is less than 15% of the majority group). Other forms of diversity are also relevant but these are the ones that psychologically play the most role in how someone engages with the innovative process. ~ David Livermore

I cannot fear to be wrong because I never think I'm wrong until I am proven wrong. In fact, I am uncomfortable unless I am capitalizing my experience. ~ Jesse Lauriston Livermore

If somebody had told me my method would not work I nevertheless would have tried it out to make sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating. ~ Jesse Lauriston Livermore

Today when the public thinks of the products of science it is likely to think about environmental problems, an unproductive armament industry, careless or dishonest 'scientific' reports, Livermore cheers for 'nukes forever' and a huge amount of self-serving noise on every subject from global warming to 'the face of God'. ~ Leo Kadanoff

In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction. ~ Jesse Lauriston Livermore

When everyone thinks alike, there isn't much thinking taking place. Get out when you can, not when you have to. ~ Jesse Lauriston Livermore