The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past.

And for a sucker play a man gets sucker pay; for the paymaster is on the job and never losses the pay envelope that is coming to you.

the public never is independently responsive to news.

One of the most helpful things that any body can learn is to give up trying to catch the last eighth - or the first. These two are the most expensive eighths in the world.

When you find that it fails to respond adequately to your buying you don't need any better tip to sell.

Fear and hope remain the same; therefore the study of the psychology of speculators is as valuable as it ever was. Weapons change, but strategy remains strategy, on the New York Stock Exchange as on the battlefield. I think the clearest summing up of the whole thing was expressed by Thomas F. Woodlock when he declared: “The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past.”

That is one trouble about trading on a large scale.You cannot sneak out as you can when you pike along.