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

Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street.

the public never is independently responsive to news.

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

No man can always have adequate reasons for buying or selling stocks daily - or sufficient knowledge to make his play an intelligent play.

If a stock doesn’t act right don’t touch it; because, being unable to tell precisely what is wrong, you cannot tell which way it is going. No diagnosis, no prognosis. No prognosis, no profit.

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.