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.

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.

There are times when you should be completely out of the market, for emotional as well as economic reasons.

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.

A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.

Never buy at the bottom, and always sell too soon.

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.