I spend about fifteen minutes a year on economic analysis.

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

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

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.

If you can't find any companies that you think are attractive, put your money in the bank until you discover some.

There are substantial rewards for adopting a regular routine of investing and following it no matter what, and additional rewards for buying more shares when most investors are scared into selling.

Invest in what you know.