In stocks as in romance, ease of divorce is not a sound basis for commitment.

Owning stocks is like having children - don't get involved with more than you can handle.

As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.

It only takes a handful of big winners to make a lifetime of investing worthwhile.

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.

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.

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