The speculator is not an investor

One of the most helpful things that any body can learn is to give up trying to catch the last eighth - or the first. These two are the most expensive eighths in the world.

There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!

A stock operator has to fight a lot of expensive enemies within himself.

A battle goes on in the stock market and the tape is your telescope. You can depend upon it seven out of ten cases.

The game taught me the game.

"the public never is independently responsive to news."