Never invest in anything that cannot be illustrated with a crayon

In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.

Avoid hot stocks in hot industries.

The best stock to buy is the one you already own.

So while I was in college I did a little study on the freight industry, the air freight industry. And I looked at this company called Flying Tiger. And I actually put a thousand dollars in it and I remember I thought this air cargo was going to be a thing of the future.

Stocks are a safe bet, but only if you stay invested long enough to ride out the corrections.

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