Invest in businesses any idiot could run, because someday one will.

Investing is fun and exciting, but dangerous if you don't do any work.

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.

Hold no more stocks than you can remain informed on.

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.

Imagine if you borrowed your parents' car without permission and ran it into a tree, how much better you'd feel if you were incorporated.