Never invest in anything that cannot be illustrated with a crayon

There is always something to worry about. Avoid weekend thinking and ignoring the latest dire predictions of the newscasters. Sell a stock because the company's fundamentals deteriorate, not because the sky is falling.

The Rule of 72 is useful in determining how fast money will grow. Take the annual return from any investment, expressed as a percentage, and divide it into 72. The result is the number of years it will take to double your money.

The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.

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

You shouldn't just pick a stock - you should do your homework.

It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.