You have to let the big ones make up for your mistakes.

During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents and blue-jeans (Levi Strauss) made a nice profit.

You can find good reasons to scuttle your equities in every morning paper and on every broadcast of the nightly news.

Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.

Long-term investing has gotten so popular, it's easier to admit you're a crack addict than to admit you're a short-term investor.

The basic story remains simple and never-ending. Stocks aren't lottery tickets. There's a company attached to every share.

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