Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert.

In stocks as in romance, ease of divorce is not a sound basis for commitment.

What makes stocks valuable in the long run isn't the market. It's the profitability of the shares in the companies you own. As corporate profits increase, corporations become more valuable and sooner or later, their shares will sell for a higher price.

A stock market decline is as routine as a January blizzard in Colorado. If you're prepared, it can't hurt you. A decline is a great opportunity to pick up the bargains left behind by investors who are fleeing the storm in panic.

The natural-born investor is a myth.

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

In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.