Ignorance at twenty-two isn't a structural defect.

No one ever went broke by taking a profit.

It is what people actually did in the stock market that counted - not what they said they were going to do.

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.

In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.

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.

The average man doesn't wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn't even wish to have to think.