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.

Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on.

Don't give me timing, give me time

I began to realize that the big money must necessarily be in the big swing.

Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.

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.

If the unusual never happened there would be no difference in people and then there wouldn't be any fun in life. The game would become merely a matter of addition and subtraction. It would make of us a race of bookkeepers with plodding minds. It's the guessing that develops a man's brain power.