“The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.”
This quote, attributed to Jesse Livermore, a famous American stock trader, suggests that investing in the stock market can be an exciting and captivating endeavor, but it is not a game for everyone.
According to Livermore, successful speculation requires intelligence, mental agility, emotional stability, and a long-term perspective. Those who lack these qualities and approach the market with a “get-rich-quick” mentality are likely to make poor decisions and lose money.
Livermore’s words highlight the importance of careful planning, research, and analysis when investing in the stock market. It is crucial to understand the risks and rewards of different investment strategies and to approach the market with a level head and a realistic view of one’s own abilities.
Overall, while the stock market can be a rewarding experience, it is not a game to be taken lightly. As Livermore suggests, those who approach it without the necessary skills and mindset are likely to struggle and ultimately fail.