The stock market is never obvious. It is designed to fool most of the people, most of the time.

A man must believe in himself and his judgement if he expects to make a living at this game. That is why I don't believe in tips."

Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.

At long as a stock is acting right, and the market is right, do not be in a hurry to take profits. One should never permit speculative ventures to run into investments.

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

There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time.

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