All the time and effort people devote to picking the right fund, the hot hand, the great manager have, in most cases, led to no advantage.

Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested

The more cash that builds up in the treasury, the greater the pressure to piss it away.

When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.

Gentlemen who prefer bonds don't know what they're missing.

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

I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.