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.

I don't know whether I make myself plain, but I never lose my temper over the stock market. I never argue with the tape. Getting sore at the market doesn't get you anywhere.

When everyone thinks alike, there isn't much thinking taking place. Get out when you can, not when you have to.

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.

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.

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

He will risk half his fortune in the stock market with less reflection that he devotes to the selection of a medium-priced automobile.