The market always does what it should do, but not always when

It took me five years to learn to play the game intelligently enough to make big money when I was right.

Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.

When a man is right he wants to get all that is coming to him for being right.

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

Just remember, without discipline, a clear strategy, and a concise plan, the speculator will fall into all the emotional pitfalls of the market - jump from one stock to another, hold a losing position too long, and cut out of a winner too soon, for no reason other than fear of losing profit. Greed, Fear, Impatience, Ignorance, and Hope will all fight for mental dominance over the speculator. Then, after a few failures and catastrophes the speculator may become demoralised, depressed, despondent, and abandon the market and the chance to make a fortune from what the market has to offer.

The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.