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.

Most investors would be better off in an index fund.

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

Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.

I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.

When even the analysts are bored, it's time to start buying.

Absent a lot of surprises, stocks are relatively predictable over twenty years. As to whether they're going to be higher or lower in two to three years, you might as well flip a coin to decide.