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

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

My main life lesson from investing: self-interest is the most powerful force on earth, and can get people to embrace and defend almost anything.

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.

I cannot fear to be wrong because I never think I'm wrong until I am proven wrong. In fact, I am uncomfortable unless I am capitalizing my experience.

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.

When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up.