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.

The most important organ in the body as far as the stock market is concerned is the guts, not the head. Anyone can acquire the know-how for analyzing stocks.

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.

More money is lost anticipating the changes in the overall stock market than any other way of investing.

There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.

I've always been a great lover of baseball.

Never invest in any idea you can't illustrate with a crayon