The S&P is up 343.8 percent for 10 years. That is a four-bagger. The general equity funds are up 283 percent. So it's getting worse, the deterioration by professionals is getting worse. The public would be better off in an index fund.

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

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

Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.

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.

Invest in what you know.

If you go to Minnesota in January, you should know that it's gonna be cold. You don't panic when the thermometer falls below zero.