81. A man must believe in himself and his judgment if he expects to make a living at this game.
82. It is the big swing that makes the big money for you. “It was never my wishing that made the big money for me. It was always my sitting tight.” Men who can both be right and sit tight are uncommon. The market does not beat them. They beat themselves. You must have the courage of your convictions and the intelligent patience to sit tight.
83. To buy on a rising market is a most comfortable way of buying. Buy on a scale up. Sell on a scale down.
84. Commodities are never too high to begin buying or too low to begin selling. But after the initial transaction, don’t make a second unless the first shows a profit.
85. Realize that the big money comes in the big swing. Whatever might seem to give a big swing, its initial impulse, the fact is that no matter who opposes it, the swing must inevitably run as far and as fast and as long as the impelling forces determine.
86. In the long run, commodity prices are governed but by one law ， the economic law of demand and supply.
87. A loss never bothers me after I take it. I forget it overnight. But being wrong and not taking the loss ， that is what does the damage to the pocket book and to the soul.
88. It is profitable to study your mistakes.
89. Of all speculative blunders, there are few greater than selling what shows a profit and keeping what shows a loss.
90. Nothing is new in commodities! The game does not change and neither does human nature.
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