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.

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

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!

The stock market is never obvious. It is designed to fool most of the people, most of the time.

There is only one side to the stock market; and it is not the bull side or the bear side, but the right side

It took me five years to learn to play the game intelligently enough to make big money when I was right.

"If I buy stocks on Smith's tip I must sell those same stocks on Smith's tip. I am depending on him. Suppose Smith is away on a holiday when the selling time comes around?