There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.

I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.

There's a company behind every stock and a reason companies - and their stocks - perform the way they do.

Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.

The worst thing you can do is invest in companies you know nothing about. Unfortunately, buying stocks on ignorance is still a popular American pastime.

The more cash that builds up in the treasury, the greater the pressure to piss it away.

The typical big winner in the Lynch portfolio generally takes three to ten years to play out.