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.

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

The game taught me the game.

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

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 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.

The speculator is not an investor.