Nobody ever lost money taking a profit

Even when we know what is right, too often we fail to act. More often we grab greedily for the day, letting tomorrow bring what it will, putting off the unpleasant and unpopular.

Learn to take losses quickly and cleanly. There is something about inside information which seems to paralyze a man's reasoning powers. Beware of barbers, beauticians, waiters - or anyone - bringing gifts of 'inside' information or tips. Don't try to be a jack of all investment. Stick to the field you know best.

Let us not deceive ourselves; we must elect world peace or world destruction.

Old books that have ceased to be of service should no more be abandoned than should old friends who have ceased to give pleasure.

The ability to express an idea is well nigh as important as the idea itself.

Age is only a number, a cipher for the records. A man can't retire his experience. He must use it. Experience achieves more with less energy and time.