The idea is to buy when the probability is greatest that the market is going to advance.

I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.

The idea is to buy when the probability is greatest that the market is going to advance.

Too many people are apt to redeem their profits too quickly. In a huge bull market they wind up with piddling profits, only to watch their former holdings soar. That usually prompts them into making mistakes later when, believing that the market owes them some money, they buy at the wrong time at much higher levels.

It's OK to be wrong; it's unforgivable to stay wrong.

Patience is one of the most valuable attributes in investing.

To me, the "tape" is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!