Long-term investing has gotten so popular, it's easier to admit you're a crack addict than to admit you're a short-term investor.

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

I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.

Behind every stock is a company. Find out what it's doing.

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

There's a company behind every stock and a reason companies - and their stocks - perform the way they do.

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.