People who want to know how stocks fared on any given day ask, "Where did the Dow close?" I'm more interested in how many stocks went up versus how many went down. These so-called advance/decline numbers paint a more realistic picture.

I like to buy a company any fool can manage because eventually one will.

Owning stocks is like having children - don't get involved with more than you can handle.

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.

I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.

That's not to say there's no such thing as an overvalued market, but there's no point worrying about it.

The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.