Many investors seem to have forgotten a hard reality: There are frequent periods when stock markets don't do much.

History shows that people who save and invest grown and prosper, and the others deteriorate and collapse.

You can no longer buy commodities at Merrill Lynch. My guess is many analysts and even executives are too young to know how profitable a hot commodities market can be. They will soon.

The last leg of a bull market always ends in hysteria; the last leg of a bear market always ends in panic.

One of the best rules anybody can learn about investing is to do nothing, absolutely nothing, unless there is something to do... I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up... I wait for a situation that is like the proverbial "shooting fish in a barrel."

My basic advise is don't lose money

Not one country in existence today has had the same borders and government for as long as two hundred years. The world will continue changing.