You can't help some increase from this point. I don't want any viewer to go away think a magic wand exists in Congress. So they're going to see some more bad news. But if we do this, we're doing the right thing.

Does the business have a consistent operating history?

I want to be able to explain my mistakes. This means I do only the things I completely understand.

I never invest in anything that I don't understand.

A home is one of the most important assets that most people will ever buy. Homes are also where memories are made and you want to work with someone you can trust.

Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.

If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value.