"When I'm bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I don't buy long stocks on a scale down, I buy on a scale up." Jesse Livermore
"If past history was all there was to the game, the richest peoplewould be librarians."
"It's better to hang out with people better than you. Pick out associates whose behavior is better than yours and you'll drift in that direction. "
"If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks."
John (Jack) Bogle
"We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.' "
"Wide diversification is only required when investors do not unferstand what they are doing."
"Vitally important for a young man or woman is, first, to realize the value of education and then to cultivate earnestly, aggressively, ceaselessly, the habit of self-education."
"The man who does not work for the love of work but only for money is not likely tomake money nor find much fun in life."