Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.

When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children's birthdays, there's a good chance you've become too wrapped up in your work.

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

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.

The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.

Know what you own, and know why you own it.

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.