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

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

There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.

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

When you start to confuse Freddie Mac, Sallie Mae and Fannie Mae with members of your family, and you remember 2,000 stock symbols but forget the children's birthdays, there's a good chance you've become too wrapped up in your work.

I can't recall ever once having seen the name of a market timer on Forbes' annual list of the richest people in the world. If it were truly possible to predict corrections, you'd think somebody would have made billions by doing it.

I spend about fifteen minutes a year on economic analysis.