When the man who ought to want a stock doesn't want it, why should I want it?

The public always wants to be told.

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

The speculator is not an investor.

The big money in booms is always made first by the public - on paper. And it remains on paper.

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.