One way to make a fortune is to sell a necessity that is low in cost and repeats.

Fortune always leaves a door open in adversity in order to bring relief to it,

Fortune, if thou’ll but gie me still
Hale breeks, a scone, an whisky gill,
An’ rowth o’ rhyme to rave at will,
Take a’ the rest,
An’ deal’t about as thy blind skill
Directs thee best.

Risk is what you control and fortune is really all about risk. Bottom Line: Fortune comes from big money bets on very low probability events

A successful stockpicker has the same relationship with a drop in the market as a Minnesotan has with freezing weather. You know it’s coming, and you’re ready to ride it out, and when your favorite stocks go down with the rest, you jump at the chance to buy more.

Markets go up. Markets go down. We always make money.... Get used to it

My diaries are full of such missed opportunities, but the stock market is merciful — it always gives the nincompoop a second chance.

Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.

Any man who has met with success, if he will be frank with himself, must admit that there has been a big element of fortune in the success.

I suppose that, every once in a while, fortune smiles even upon murderers.

Once this law is fully understood, any thinking person can tell his own fortune. If he wants more, he must be of more service to those from whom he receives his return. If he wants less, he has only to reduce his service. This is the price you must pay for what you want.

Rule 1. Markets are risky.

Rule 2. Trouble runs in streaks.

Rule 3. Markets have a personality.

Rule 4. Markets mislead.

Rule 5. Market time is relative

You can fool some of the people some of the time — and that's enough to make a decent living.

"The most-studied evidence, by the greatest number of economists, concerns what is called short-term dependence. This refers to the way price levels or price changes at one moment can influence those shortly afterwards-an hour, a day, or a few years, depending on what you consider "short." A "momentum" effect is at work, some economists theorize: Once a stock price starts climbing, the odds are slightly in favor of it continuing to climb for a while longer. For instance, in 1991 Campbell Harvey of Duke- he of the CFO study mentioned earlier-studied stock exchanges in sixteen of the world's largest economies. He found that if an index fell in one month, it had slightly greater odds of falling again in the next moth, or, if it had risen, greater odds of continuing to rise. Indeed, the data show, the sharper the move in the first, the more likely is is that the price trend will continue into the next month, although at a slower rate. Several other studies have found similar short-term trending in stock prices. When major news about a company hits the wires, the stock will react promptly-but it may keep on moving for the next few days as the news spreads, analysts study it, and more investors start to act upon it."