I paraphrase Lord Rothschild: ‘The time to buy is when there's blood on the streets.'

Experience teaches us that when "everyone" comes to the same conclusion, that conclusion is just about always wrong.

Patience is a crucial but rare investment commodity.

One of the big problems with growth investing is that we can't estimate earnings very well. I really want to buy growth at value prices. I always look at trailing earnings when I judge stocks.

I paraphrase Lord Rothschild: ‘The time to buy is when there's blood on the streets.'

Demanding immediate success invariably leads to playing the fads or fashions currently performing well rather than investing on a solid basis. A course of investment, once charted, should be given time to work out. Patience is a crucial but rare investment commodity.

Nobody beats the market, they say. Except for those of those of us who do.