The basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.

In stocks as in romance, ease of divorce is not a sound basis for commitment.

You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.

I don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'

Your investor's edge is not something you get from Wall Street experts. It's something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.

If all the economists in the world were laid end to end, it wouldn't be a bad thing.

Avoid hot stocks in hot industries.