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

You can't see the future through a rearview mirror

The basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.

I spend about fifteen minutes a year on economic analysis.

I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.

Long-term investing has gotten so popular, it's easier to admit you're a crack addict than to admit you're a short-term investor.

Hold no more stocks than you can remain informed on.