Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.

Buy low and sell high. It's pretty simple. The problem is knowing what's low and what's high.

Paper money is made of cotton, and I'm long cotton, by the way. One reason I'm long cotton is because Dr. Bernanke is out there running the printing presses as fast as he can.

If you want to make a lot of money, resist diversification.

If everyone thinks one way, it is likely to be wrong. If you can figure out that it is wrong, you are likely to make a lot of money.

I haven't met a rich technician

Do not buy the hype from Wall St. and the press that stocks always go up. There are long periods when stocks do nothing and other investments are better.