The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.

The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think.

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.

There is time to go long, time to go short and time to go fishing.

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

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

It takes a man a long time to learn all the lessons of all his mistakes.