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

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

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

It isn't as important to buy as cheap as possible as it is to buy at the right time.

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.

He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.

Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader.