As a matter of fact I trade in accordance to my means and always leave myself an ample margin of safety.

The game taught me the game.

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

A battle goes on in the stock market and the tape is your telescope. You can depend upon it seven out of ten cases.

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.”

A stock operator has to fight a lot of expensive enemies within himself.

There is no question that advertising is an art, and manipulation is the art of advertising through the medium of the tape.