Thomas Phelps on patience and investing

To make money in the stock market you must have the vision to see them, courage to buy them and the patience to hold them.  Patience is the rarest of the three.

~ Thomas W. Phelps, 100 to 1 in the Stock Market (1972)

Thomas Phelps on investing, judgment and experience

Good judgment comes from experience and experience comes from bad judgment.  I've had a great deal of experience.

~ Thomas Phelps, 100 to 1 in the Stock Market: A Distinguished Security Analyst Tells How to Make More of Your Investment Opportunities (1972)