The most important organ in the body as far as the stock market is concerned is the guts, not the head. Anyone can acquire the know-how for analyzing stocks.

Avoid hot stocks in hot industries.

Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.

Investing is fun and exciting, but dangerous if you don't do any work.

If you're lucky enough to have been rewarded in life to the degree that I have, there comes a point at which you have to decide whether to become a slave to your net worth by devoting the rest of your life to increasing it or to let what you've accumulated begin to serve you.

Your investor's edge is not something you get from Wall Street experts. It's something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.

The best stock to buy is the one you already own.