If you can't sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.

Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.

People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth.

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

There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time.

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

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