“Whatever failures I have known, whatever errors I have committed, whatever follies I have witnessed in private and public life have been the consequence of action without thought.”

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.

We grow neither better or worse as we get old, but more like ourselves.

Unless each man produces more than he receives, increases his output, there will be less for him than all the others.

The stock market is people.

I have learned the truth of the observation that the more one approaches great men the more one finds that they are men.

Whatever men attempt, they seem driven to overdo. When hopes are soaring, I always repeat to myself that two and two still make four.

Nobody ever lost money taking a profit

The path that was entered upon only one hundred and fifty years ago … How young she is! It will be centuries before she will adopt that maturity of custom – the clothing of the grave – that some people believe she is already fitted for.

The main purpose of the stock market is to make fools of as many men as possible.

Learn to take losses quickly and cleanly. There is something about inside information which seems to paralyze a man’s reasoning powers.

If a speculator is correct half of the time, he is hitting a good average.