Spend at least as much time researching a stock as you would choosing a refrigerator.

The most important organ in the body as far as the stock market is concerned is the guts, not the head. Anyone can acquire the know-how for analyzing stocks.

In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.

People who want to know how stocks fared on any given day ask, "Where did the Dow close?" I'm more interested in how many stocks went up versus how many went down. These so-called advance/decline numbers paint a more realistic picture.

Searching for companies is like looking for grubs under rocks: if you turn over 10 rocks you'll likely find one grub; if you turn over 20 rocks you'll find two.

Know what you own, and know why you own it.

More money is lost anticipating the changes in the overall stock market than any other way of investing.