As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.

Time is on your side when you own shares of superior companies.

Owning stocks is like having children - don't get involved with more than you can handle.

What makes stocks valuable in the long run isn't the market. It's the profitability of the shares in the companies you own. As corporate profits increase, corporations become more valuable and sooner or later, their shares will sell for a higher price.

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

Visiting stores and testing products is one of the critical elements of the analyst's job.

Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.