You have to keep your priorities straight if you plan to do well in stocks.

The biggest winners are surprises to me, and takeovers are even more surprising. It takes years, not months, to produce big results.

You can't see the future through a rearview mirror

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

A lot of people got in at the wrong time. A lot of people did very well and some people said, "This is it. I'll never get back in again." And they maybe meant it, but they probably got back in again anyway.

If you're prepared to invest in a company, then you ought to be able to explain why in simple language that a fifth grader could understand, and quickly enough so the fifth grader won't get bored.

My method for picking stocks has never changed. When businesses go from crappy to semicrappy, there's money to be made.