Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

The only thing to do when a man is wrong is to be right by ceasing to be wrong.

There is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.

My main life lesson from investing: self-interest is the most powerful force on earth, and can get people to embrace and defend almost anything.

I know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgment.

Professional traders have always had some system or other based upon their experience and governed either by their attitude towards speculation or by their desires.