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.

I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up.

The market always does what it should do, but not always when

No one ever went broke by taking a profit.

I don't know whether I make myself plain, but I never lose my temper over the stock market. I never argue with the tape. Getting sore at the market doesn't get you anywhere.

Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.

When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up.