A man must study general conditions, to seize them so as to be able to anticipate probabilities.

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.

The market always does what it should do, but not always when

A market does not culminate in one grand blaze of glory. Neither does it end with a sudden reversal of form. A market can and does often cease to be a bull market long before prices generally begin to break.

When a man is right he wants to get all that is coming to him for being right.

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

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