Chapter XXI, P. 257
“
The big money in booms is always made first by the public - on paper.
And it remains on paper.
— Edwin Lefèvre
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "The big money in booms is always made first by the public - on paper.
And it remains on paper." in the context of "Chapter XXI, P. 257" to mean that wisdom is timeless.
Source: Wikiquote: "Edwin Lefèvre" (Quotes, Reminiscences of a Stock Operator (1923))
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
About Edwin Lefèvre
Edwin Lefèvre (1871–1943) was an American journalist, writer, and diplomat most remembered today for his writings about Wall Street.
About Edwin Lefèvre
Edwin Lefèvre (1871–1943) was an American journalist, writer, and diplomat most remembered today for his writings about Wall Street.
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