The typical big winner in the Lynch portfolio generally takes three to ten years to play out.

The S&P is up 343.8 percent for 10 years. That is a four-bagger. The general equity funds are up 283 percent. So it's getting worse, the deterioration by professionals is getting worse. The public would be better off in an index fund.

The natural-born investor is a myth.

Equity mutual funds are the perfect solution for people who want to own stocks without doing their own research.

There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating.

Never invest in any idea you can't illustrate with a crayon

Behind every stock is a company. Find out what it's doing.