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

As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.

I can't recall ever once having seen the name of a market timer on Forbes' annual list of the richest people in the world. If it were truly possible to predict corrections, you'd think somebody would have made billions by doing it.

The junior high schools and high schools of America have forgotten to teach one of the most important courses of all. Investing.

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

The more cash that builds up in the treasury, the greater the pressure to piss it away.