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

Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.

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

There's no use diversifying into unknown companies just for the sake of diversity. A foolish diversity is the hobgoblin of small investors. That said, it isn't safe to own just one stock, because in spite of your best efforts, the one you choose might be the victim of unforeseen circumstances. In small portfolios, I'd be comfortable owning between three and ten stocks.

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

You can't see the future through a rearview mirror

More money is lost anticipating the changes in the overall stock market than any other way of investing.