It isn't as important to buy as cheap as possible as it is to buy at the right time.

One of the most helpful things that anybody 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. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.

Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.

It never was my thinking that made the big money for me. It always was my sitting.

I have always played a lone hand. It is the way my mind works. I have to do my own seeing and my own thinking. But I can tell you that after the market began to go my way I felt for the first time in my life that I had allies - the strongest and truest in the world: underlying conditions. They were helping me with all their might.

The stock market is never obvious. It is designed to fool most of the people, most of the time.

Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.