The worst thing you can do is invest in companies you know nothing about. Unfortunately, buying stocks on ignorance is still a popular American pastime.

You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.

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

You can't see the future through a rearview mirror

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

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

It's human nature to keep doing something as long as it's pleasurable and you can succeed at it, which is why the world population continues to double every 40 years.