Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pay it.

In trading, everything works sometimes and nothing works always.

Time is your friend; impulse is your money.

The goal of a successful trader is to make the best trades. Money is secondary.

Trading is very competitive and you have to be able to handle getting your butt kicked.

It’s not that I’m so smart; it’s just that I stay with problems longer.

You can lose your opinion of you can lose your money.

You’re going to learn a million things, then you need to forget them all and focus on one.

The trend is your friend – until it stabs you in the back with a chopstick.

Rising tide lifts all boats over the wall of worry and exposes bears swimming naked.

Spend each day trying to be a little wiser than you were when you woke up.

A great trader is like a great athlete. You have to have natural skills, but you have to train yourself how to use them.

Never, ever argue with your trading system.

In investing what is comfortable is rarely profitable.

There is a time to go long, a time to go short, and a time to go fishing.

It is the job of the market to turn the base material of our emotions into gold.

Trading effectively is about assessing probabilities, not certainties.

An investor without investment objectives is like a traveler without a destination.

If stock market experts were so expert, they would be buying stocks, not selling advice.