There's a company behind every stock and a reason companies - and their stocks - perform the way they do.

The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.

Invest in businesses any idiot could run, because someday one will.

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.

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

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

A price drop in a good stock is only a tragedy if you sell at that price and never buy more. To me, a price drop is an opportunity to load up on bargains from among your worst performers and your laggards that show promise. If you can't convince yourself "When I'm down 25 percent, I'm a buyer" and banish forever the fatal thought "When I'm down 25 percent, I'm a seller," then you'll never make a decent profit in stocks.