"The speculators deadly enemies are: Ignorance, greed, fear and hope. All the statute books in the world and all the rules of all the Exchanges on earth cannot eliminate these from the human animal."

"Oh, Mr. Wolff, what do you think of Balzac? " Josh politely ceased to masticate, swallowed and answered, " I never trade them Curb stocks!"

"The big money in booms is always made first by the public - on paper. And it remains on paper."

"When you find that it fails to respond adequately to your buying you don't need any better tip to sell."

"There is no question that advertising is an art, and manipulation is the art of advertising through the medium of the tape."

"People who look for easy money invariably pay for the privilege of proving conclusively that it cannot be found on this sordid earth."

"History repeats itself all the time on Wall Street."

"When the man who ought to want a stock doesn't want it, why should I want it?"

"TIPS! How people want tips! They crave not only to get them but to give them."

"As I have said a thousand times, no manipulation can put stocks down and keep them down."

"As a matter of fact I trade in accordance to my means and always leave myself an ample margin of safety."

"It didn't require a Sherlock Holmes to size up the situation."

"Nowhere does history indulge in repetitions so often or so uniformly as in Wall Street."

"To subordinate my judgment to his desires was the undoing of me."

"In fact, of all hoodoos in Wall Street I think the resolve to induce the stock market to act as a fairy godmother is the busiest and most persistent."

"That is one trouble about trading on a large scale. You cannot sneak out as you can when you pike along."

"The speculator is not an investor."

"" I am carrying so much cotton that I can't sleep thinking about it. It is wearing me out. What can I do?" " Sell down to the sleeping point," answered the friend."

"And for a sucker play a man gets sucker pay; for the paymaster is on the job and never losses the pay envelope that is coming to you."

"Many times when I use the term 'government', people think that I mean law and order. And so, if they hear me say: 'We don't need government', they think I mean we don't need law and order. Well, this is probably what makes me an 'autarchist' rather than an anarchist. I think we need law and order. You see, I am dedicated to the idea of lawful and orderly procedures. And because of that I have to stand against government. Because government doesn't provide either law or order."

"So the thing I object to about government isn't its organizational feature. Organization has to be accomplished. It is the coercive nature of government organization. My argument is that we can organize better without coercion."

"In brief, let us define the anarchist as a political individualist and an economic socialist. In contrast, the libertarian can be defined as an individualist, both politically and economically."

"The most constructive of the anarchists were, socially speaking, individualists, peaceful and harmless. The least constructive, socially speaking, were dedicated to the overthrow of force by counter force. But without exception, in the realm of economics every anarchist comes unglued."

"Economically speaking, all anarchists are socialists, however they may coalesce to the political spectrum. Economically speaking, the libertarian is an individualist, believing in and supporting the concept of private ownership, individual responsibility and self-government."

"The aim of the anarchist is to eliminate private ownership."

"We know that men cannot be compelled to be good. They can only be prevented from being bad—a negative condition. We know from bitter experience that men cannot be forced into doing the wise thing, for such a forcement is foolishness."

"Government alone, in all man’s inventions, is capable of independent life. Government alone, like Mrs. Shelley’s terrifying creation of the monster born in Frankenstein’s mind, has the power and the ability to turn upon its creators and destroy them."

"And thus we see the government is at once both protector and predator. It is not that governments begin in virtue only to end in sin. Government begins by protecting some against others and ends up protecting itself against everyone. This is the course of history."

"But the thing all members of governments desire to do is to rule their own people and to collect money from them. This is inherent in their natures. So the United Nations, perforce, will aid and abet the member governments in their universal desire to maintain a coercive hold over their individual subjects. Thus, the United Nations is a government of the governments, by the governments, and for the governments. And it cannot and will not restrain their governments,…"

"Government may be intrinsically evil; clearly they operate on the basis of tax predation."

"Government is a disease masquerading as its own cure."

"An anarchist is anyone who believes in less government than you do."

"But history shows repeatedly the madness of crowds and the irrationality of majorities. The only conceivable merit relating to majority rule lies in the fact that if we obtain monopoly decisions by this process, we will coerce fewer persons than if we permit the minority to coerce the majority. But implicit in all political voting is the necessity to coerce some so that all are controlled."

"If men are good, you don’t need government; if men are evil or ambivalent, you don’t dare have one."

"Government doesn't cure problems. It aggravates them."

"Since I favor total self-control—absolute government of the individual over himself—I believe autarchy more accurately describes, in a positive fashion, the kind of situation I consider most desirable. Some dictionaries define autarchy as a kind of tyranny or despotism, but of necessity it is limited to self-application."

"Government, when it is examined, turns out to be nothing more nor less than a group of fallible men with the political force to act as though they were infallible."

"The family unit is the incubator for human character; the state is the incubator for human dependency."

"Governments, by their nature, are instruments of privilege."

"The bill of grievances contained in the immortal Declaration of Independence could be extended by our own citizens in modern times, had they the stomach for it. … So important is the right and duty of the people to dispense with despotism, this great Declaration contains the sentence not once, but twice. In its final utterance, the choice of words does not call for the formation of a government. Rather, it calls for "new guards" which may or may not entail such a unit as an artificial agency."

"If you have a government of good laws and bad men, you will have a bad government. For bad men will not be bound by good laws."

"On the other hand, the single negative position of anarchism, opposition to the State, was too narrow for LeFevre. He felt that the positive virtues of individualism were greater than mere opposition to an institution."

"I carry no brief in favor of the criminal. That is why I carry no brief in defense of those in government. Setting a thief [the government] to catch a thief doubles the amount of loot stolen."

"If men are capable of committing evil actions, granting them power over others makes evil actions certain. But there is a difference. When men in government commit and evil act, they are legally shielded from their consequences of the act. ** p. 487"

"If people are capable of committing evil deeds, then the people occupying the offices of government will be cut from the same cloth. They are evildoers, too. There is not a single shred of evidence that they will be otherwise."

"The government is an agency of legalized force. It has exhibited skill and efficiency in only one area—that of collecting whatever it wants from the populace. There are three things government traditionally takes away from the people over whom it exercises coercion. It takes their money and we call it ‘taxation.’ It takes their property and we call it ‘eminent domain.’ Or, it takes them as people. We call this a ‘draft.’"

"I demonstrated that slavery is rationalized, under the name of government and politics, because of the belief that if we didn’t enslave others, the others would enslave us. Thus, we practice slavery on some in order that others should be free."