a little bit of thinking, page-23

Jesse Livermore speaks from the grave, his alltime famous quote:

"Throughout all my years of investing I've found that the big money was never made in the buying or the selling. The big money was made in the waiting.

The big money is made by the sittin' and the waitin' � not the thinking.

... the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.

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."