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

Never invest in any idea you can't illustrate with a crayon

I think you have to learn that there's a company behind every stock, and that there's only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.

If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes

Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.

The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.

Time is on your side when you own shares of superior companies.