“The longer I operated on Wall Street the more distrustful I became of tips and inside information of every kind. Given time, I believe that inside information can break the Bank of England”

Everyone is entitled to be wrong about their opinions, but no one has the right to be wrong about their facts.

A man sentenced to death obtained a reprieve by assuring the king he would teach his majesty’s horse to fly within the year – on the condition that if he didn’t succeed, he would be put to death at the end of the year. “Within a year,” the man explained later.

Our problem in money-making or government affairs is how to remain properly venturesome and experimental without making fools of ourselves.

Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.

Now is always the hardest time to invest.

Let us not deceive ourselves: we must elect world peace or world destruction.

Beware of barbers, beauticians, waiters – or anyone – bringing gifts of ‘inside’ information or tips. Don’t try to be a jack of all investment. Stick to the field you know best.

Whatever task you undertake, do it with all your heart and soul. Always be courteous, never be discouraged.

Always do one thing less than you think you can do.

What else but our own sturdy reliance on freedom can explain the unexampled record this country has made?

Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.

When good news about the market hits the front page of the New York Times, sell.

Never play tips from “insiders.” They can’t see the forest for the trees.

Two things are bad for the heart – running up stairs and running down people.

Age is only a number, a cipher for the records. A man can’t retire his experience. He must use it. Experience achieves more with less energy and time.

Never follow the crowd.