When good news about the market hits the front page of the New York Times, sell.

Always do one thing less than you think you can do.

Whatever task you undertake, do it with all your heart and soul. Always be courteous, never be discouraged. Beware of him who promises something for nothing. Do not blame anybody for your mistakes and failures. Do not look for approval except the consciousness of doing your best.

Increased wages, higher pensions, more unemployment insurance, all are of no avail if the purchasing power of money falls faster.

Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.

If you have made a mistake cut your losses as quickly as possible.

Now is always the hardest time to invest.