If you can find a company that can get away with raising prices year after year without losing customers (an addictive product such as cigarettes fills the bill), you've got a terrific investment.

Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what's actually happening to the companies in which you've invested

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.

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

I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'

Stocks are a safe bet, but only if you stay invested long enough to ride out the corrections.

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