There is time to go long, time to go short and time to go fishing.

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

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.

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

I began to realize that the big money must necessarily be in the big swing.

He really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market and its trend.

Trends come like a series of ocean waves, bringing the high tide when things are good and, as conditions recede, the low tide appears. These trends come unexpectedly, unpredictably, and they have to be weathered with temperance, poise, and patience- good or bad.