It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.

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.

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

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.

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.

TIPS! How people want tips! They crave not only to get them but to give them.

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