I never argue with the tape. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia.

It takes a man a long time to learn all the lessons of all his mistakes.

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

To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.

There is only one side to the stock market; and it is not the bull side or the bear side, but the right side

It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.

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.