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

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.

I'm always fully invested. It's a great feeling to be caught with your pants up.

I talk to hundreds of companies a year and spend hour after hour in heady pow-wows with CEOs, financial analysts and my colleagues in the mutual-fund business, but I stumble onto the big winners in extracurricular situations, the same way you do.

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

Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.

Hold no more stocks than you can remain informed on.