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.

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 worst thing you can do is invest in companies you know nothing about. Unfortunately, buying stocks on ignorance is still a popular American pastime.

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

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

In the summer of 1990, I was buying stocks and I was probably three or four months early there. But we had a great rally in 1991.

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