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“The investor has a right to expect good results to flow from a consistent and courageous application of the principle of buying after the market has declined substantially and selling after it has had a spectacular rise. But he cannot expect to reduce this principle to a simple and foolproof formula, with profits guaranteed and no anxious periods.”

“The page of my notebook was filled with many messy integrals, but all of a sudden I saw emerge a formula for counting. I had begun to calculate a quantity on the assumption that the result was a real number, but found instead that, in certain units, all the possible answers would be integers. This meant that areas and volumes cannot take any value, but come in multiples of fixed units.”

“We might even invent laws for series or formula in an arbitrary manner, and set the engine to work upon them, and thus deduce numerical results which we might not otherwise have thought of obtaining; but this would hardly perhaps in any instance be productive of any great practical utility, or calculated to rank higher than as a philosophical amusement.”

“I don’t trust painting. At least not in New York. Most painting here relies on formula and repetition, whoring itself to the market. There seems to be no risk and once a painter gets a strategy, very little exploration. As a result, I stopped thinking about painting a long time ago. I prefer forms of art that are more market-resistant, more idea-based, more - for lack of a better word - risky.”

“The ultimate success formula: I) Decide what you want (Be precise! Clarity is power) II) Take action (because desire is not enough) III) Notice what's working or not (You don't want to continue to expend energy on an approach that's worthless IV) Change your approach until you achieve what you want (Flexibility gives you the power to create a new approach and a new result.)”