Author: admin

The big money in booms is always made first by the public–on paper. And it remains on paper.

People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth.

A man may know what to do and lose money–if he doesn’t do it quickly enough.

I sometimes think that tip-takers are like drunkards. There are some who can’t resist the craving and always look forward to those jags which they consider indispensable to their happiness. It is so easy to open your ears and let the tip in. To be told precisely what to do to be happy in such a manner that you can easily obey is the next nicest thing to being happy–which is a mighty long first step toward the fulfilment of your heart’s desire. It is not so much greed made blind by eagerness as it is hope bandaged by the unwillingness to do any thinking.

She knew how I felt about stock speculation as practised by outsiders, and she didn’t dare mention the matter to me.

I have in mind certain hazards of speculation that from time to time remind a man that no profit should be counted as safe until it is deposited in your bank to your credit.

If you know much about the average customer of the average commission house you will agree with that the hope of making the stock market pay your bill is one of the most prolific sources of loss in Wall Street.

Of all speculative blunders there are few greater than trying to average a losing game.

Instead of hoping he must fear; instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.

“I am carrying so much cotton that I can’t sleep thinking about it. It is wearing me out. What can I do?”

“Sell down to the sleeping point,” answered the friend.