The natural-born investor is a myth.

A stock market decline is as routine as a January blizzard in Colorado. If you're prepared, it can't hurt you. A decline is a great opportunity to pick up the bargains left behind by investors who are fleeing the storm in panic.

Hold no more stocks than you can remain informed on.

Everyone has the brain power to make money in stocks. Not everyone has the stomach.

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.

As I look back on it now, it's obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.

Investing in stocks is an art, not a science, and people who've been trained to rigidly quantify everything have a big disadvantage.