Men who can both be right and sit tight are uncommon.

No one ever went broke by taking a profit.

"On Pat Hearne - He made money in stocks, and that made people ask him for advice. He would never give any. If they asked him point-blank for his opinion about the wisdom of their commitments he used a favorite race-track maxim of his: "You can't tell till you bet.""

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

A man must believe in himself and his judgement if he expects to make a living at this game. That is why I don't believe in tips."

Every once in a while you must go to cash, take a break, take a vacation. Don't try to play the market all the time. It can't be done, too tough on the emotions.

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.