No man can always have adequate reasons for buying or selling stocks daily - or sufficient knowledge to make his play an intelligent play.

The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past.

If a man didn't make mistakes he'd own the world in a month.But if he didn't profit by his mistakes he wouldn't own a blessed thing.

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.

And for a sucker play a man gets sucker pay for the paymaster is on the job and never losses the pay envelope that is coming to you.

There is no question that advertising is an art, and manipulation is the art of advertising through the medium of the tape.

The game taught me the game.

The speculator is not an investor.

TIPS! How people want tips! They crave not only to get them but to give them.

Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street. When you read contemporary accounts of booms or panics, the one thing that strikes you most forcibly is how little either stock speculation or stock speculators today differ from yesterday. The game does not change and neither does human nature.

the public never is independently responsive to news.

That is one trouble about trading on a large scale.You cannot sneak out as you can when you pike along.

Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street.

As a matter of fact I trade in accordance to my means and always leave myself an ample margin of safety.

The public always wants to be told.

In fact, of all hoodoos in Wall Street I think the resolve to induce the stock market to act as a fairy godmother is the busiest and most persistent.

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

As I have said a thousand times, no manipulation can put stocks down and keep them down.