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.

Your investor's edge is not something you get from Wall Street experts. It's something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.

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.

Invest in what you know.

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.

I don't know anyone who said on their deathbed: 'Gee, I wish I'd spent more time at the office.'

There's a company behind every stock and a reason companies - and their stocks - perform the way they do.