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!

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.

If you can't sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.

It never was my thinking that made the big money for me. It always was my sitting.

Most people, whether bull or bear, when they are right, are right for the wrong reason, in my opinion.

Money is made by sitting, not trading.

A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.