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.

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.

At long as a stock is acting right, and the market is right, do not be in a hurry to take profits. One should never permit speculative ventures to run into investments.

I know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgment.

Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.

Money is made by sitting, not trading.

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.