If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.

Time is on your side when you own shares of superior companies.

There are substantial rewards for adopting a regular routine of investing and following it no matter what, and additional rewards for buying more shares when most investors are scared into selling.

Hold no more stocks than you can remain informed on.

Long shots almost always miss the mark.

The worst thing you can do is invest in companies you know nothing about. Unfortunately, buying stocks on ignorance is still a popular American pastime.

Well, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of 'em go up big time, you produce a fabulous result. And I think that's the promise to some people.