The person that turns over the most rocks wins the game. And that's always been my philosophy.

You just don't know when you can find the bottom.

The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.

If you can find a company that can get away with raising prices year after year without losing customers (an addictive product such as cigarettes fills the bill), you've got a terrific investment.

A stock market decline is as routine as a January blizzard in Colorado. If you're prepared, it can't hurt you. A decline is a great opportunity to pick up the bargains left behind by investors who are fleeing the storm in panic.

There seems to be an unwritten rule on Wall Street: If you don't understand it, then put your life savings into it. Shun the enterprise around the corner, which can at least be observed, and seek out the one that manufactures an incomprehensible product.

Gentlemen who prefer bonds don't know what they're missing.