When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.

If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes

There's lots of stocks out there and all you need is a few of 'em. That's been my philosophy.

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.

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

You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.

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.