Never try to sell at the top. It isn't wise. Sell after a reaction if there is no rally.

If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of ten thousand brothers or cousins of the original.

There are times when you should be completely out of the market, for emotional as well as economic reasons.

A loss never bothers me after I take it. I forget it overnight. But being wrong - not taking the loss - that is what does damage to the pocketbook and to the soul.

Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.

Don't give me timing, give me time

After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!