You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.

There seems to be an unwritten rule on Wall Street: If you don't understand it, then put your life savings into it. Shun the enterprise around the corner, which can at least be observed, and seek out the one that manufactures an incomprehensible product.

What makes stocks valuable in the long run isn't the market. It's the profitability of the shares in the companies you own. As corporate profits increase, corporations become more valuable and sooner or later, their shares will sell for a higher price.

If a picture is worth a thousand words, in business, so is a number.

Never buy anything that you can't illustrate on the back of a napkin.

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 extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.