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

Well, I think the secret is if you have a lot of stocks, some will do mediocre, some will do okay, and if one of two of 'em go up big time, you produce a fabulous result. And I think that's the promise to some people.

People who want to know how stocks fared on any given day ask, "Where did the Dow close?" I'm more interested in how many stocks went up versus how many went down. These so-called advance/decline numbers paint a more realistic picture.

The real key to making money in stocks is not to get scared out of them.

The stock market really isn't a gamble, as long as you pick good companies that you think will do well, and not just because of the stock price.

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

The list of qualities (an investor should have) include patience, self-reliance, common sense, a tolerance for pain, open-mindedness, detachment, persistence, humility, flexibility, a willingness to do independent research, an equal willingness to admit mistakes, and the ability to ignore general panic.