It isn't a hunch but the subconscious mind, which is the creative mind, at work. That is the mind which makes artists do things without their knowing how they came to do them. Perhaps with me it was the cumulative effect of a lot of little things individually insignificant but collectively powerful.

It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.

He will risk half his fortune in the stock market with less reflection that he devotes to the selection of a medium-priced automobile.

If I learned all this so slowly it was because I learned by my mistakes, and some time always elapses between making a mistake and realizing it, and more time between realizing it and exactly determining it.

They say you never grow poor taking profits. No, you don't. But neither do you grow rich taking a four-point profit in a bull market. Where I should have made twenty thousand dollars I made two thousand. That was what conservatism did for me.

Ignorance at twenty-two isn't a structural defect.

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.