Imagine if you borrowed your parents' car without permission and ran it into a tree, how much better you'd feel if you were incorporated.

If you can't find any companies that you think are attractive, put your money in the bank until you discover some.

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.

The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.

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

A lot of people got in at the wrong time. A lot of people did very well and some people said, "This is it. I'll never get back in again." And they maybe meant it, but they probably got back in again anyway.

The best stock to buy is the one you already own.