If somebody had told me my method would not work I nevertheless would have tried it out to make sure for myself, for when I am wrong only one thing convinces me of it, and that is, to lose money. And I am only right when I make money. That is speculating.

It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.

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.

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

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

Trends come like a series of ocean waves, bringing the high tide when things are good and, as conditions recede, the low tide appears. These trends come unexpectedly, unpredictably, and they have to be weathered with temperance, poise, and patience- good or bad.

"On Pat Hearne - He made money in stocks, and that made people ask him for advice. He would never give any. If they asked him point-blank for his opinion about the wisdom of their commitments he used a favorite race-track maxim of his: "You can't tell till you bet.""