Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.

When people discover they are no good at baseball or hockey, they put away their bats and their skates and they take up amateur golf or stamp collecting or gardening. But when people discover they are no good at picking stocks, they are likely to continue to do it anyway.

Stocks are a safe bet, but only if you stay invested long enough to ride out the corrections.

I deal in facts, not forecasting the future. That's crystal ball stuff. That doesn't work.

You have to keep your priorities straight if you plan to do well in stocks.

Spend at least as much time researching a stock as you would choosing a refrigerator.

It isn't the head but the stomach that determines the fate of the stockpicker.