Money is made by sitting, not trading.

He will risk half his fortune in the stock market with less reflection that he devotes to the selection of a medium-priced automobile.

It isn't a hunch but the subconscious mind, which is the creative mind, at work. That is the mind which makes artists do things without their knowing how they came to do them. Perhaps with me it was the cumulative effect of a lot of little things individually insignificant but collectively powerful.

Speculation is a hard and trying business, and a speculator must be on the job all the time or he'll soon have no job to be on.

Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market your game is to buy and hold until you believe that the bull market is near its end. To do this you must study general conditions and not tips or special factors affecting individual stocks.

It takes a man a long time to learn all the lessons of all his mistakes.

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