Never play tips from “insiders.” They can’t see the forest for the trees.
Be quick to praise people. People like to praise those who praise them.
America has never forgotten – and never will forget – the nobler things that brought her into being and that light her path.
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.
Become more humble as the market goes your way.
Never pay the slightest attention to what a company president ever says about his stock.
Whatever men attempt, they seem driven to overdo. When hopes are soaring, I always repeat to myself that two and two still make four.
The essence of any plan for financing old age is saving-to put aside some part of today’s earnings for the future. Anything that saps the value of savings-and inflation is the worst single threat-is the enemy of the aged and of those who expect to grow old.
Colleges don’t teach economics properly. Unfortunately we learn little from the experience of the past. An economist must know, besides his subject, ethics, logic, philosophy, the humanities and sociology, in fact everything that is part of how we live and react to one another.
Our problem in money-making or government affairs is how to remain properly venturesome and experimental without making fools of ourselves.
Information cannot serve as an effective substitute for thinking.
Chance sometimes opens the door, but luck belongs to the good players.
You can’t repeal human nature by an Act of Congress.
Whatever you do, do it with all your heart and soul.
We can’t cross that bridge until we come to it, but I always like to lay down a pontoon ahead of time.
Always do one thing less than you think you can do.
If you have made a mistake cut your losses as quickly as possible.
Nobody ever lost money taking a profit.
So efficient are the available instruments of slavery; fingerprints, lie detectors, brain washings, gas chambers; that we shiver at the thought of political change which might put these instruments in the hands of men of hate.
Never answer a critic, unless he’s right.