The speculator is not an investor.

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

The speculators deadly enemies are: Ignorance, greed, fear and hope. All the statute books in the world and all the rules of all the Exchanges on earth cannot eliminate these from the human animal.

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

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

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

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