Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.

Money is made by sitting, not trading.

Never buy at the bottom, and always sell too soon.

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

It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.

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

The only thing to do when a man is wrong is to be right by ceasing to be wrong.