the public never is independently responsive to news.

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.

The public always wants to be told.

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.

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.

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

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