That's not to say there's no such thing as an overvalued market, but there's no point worrying about it.

Never invest in a company without understanding its finances. The biggest losses in stocks come from companies with poor balance sheets.

The typical big winner in the Lynch portfolio generally takes three to ten years to play out.

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.

If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.

Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.

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.