Your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed.

Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested

Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.

Long shots almost always miss the mark.

The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.

You shouldn't just pick a stock - you should do your homework.

You should not buy a stock because it's cheap but because you know a lot about it.