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.

If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.

The person that turns over the most rocks wins the game. And that's always been my philosophy.

I spend about fifteen minutes a year on economic analysis.

Avoid hot stocks in hot industries.

A stock market decline is as routine as a January blizzard in Colorado. If you're prepared, it can't hurt you. A decline is a great opportunity to pick up the bargains left behind by investors who are fleeing the storm in panic.

You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.