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.

My main life lesson from investing: self-interest is the most powerful force on earth, and can get people to embrace and defend almost anything.

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.

A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.

When everyone thinks alike, there isn't much thinking taking place. Get out when you can, not when you have to.

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

Without faith in his own judgment no man can go very far in this game. That is about all I have learned - to study general conditions, to take a position and stick to it. I can wait without a twinge of impatience. I can see a setback without being shaken, knowing that it is only temporary.