One of the most helpful things that anybody can learn is to give up trying to catch the last eighth - or the first. These two are the most expensive eighths in the world. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.

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

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.

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

Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.

Men who can both be right and sit tight are uncommon.

One of the most helpful things that anybody can learn is to give up trying to catch the last eighth - or the first. These two are the most expensive eighths in the world. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.