You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.

During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents and blue-jeans (Levi Strauss) made a nice profit.

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.

I've always been a great lover of baseball.

An important key to investing is to remember that stocks are not lottery tickets.

If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes

Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.