Investors should remember that excitement and expenses are their enemies.

If a business does well, the stock eventually follows.

There are a few investment managers, of course, who are very good - though in the short run, it's difficult to determine whether a great record is due to luck or talent. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors - large and small - should instead read Jack Bogle's The Little Book of Common Sense Investing.

Continually challenge and be willing to amend your best loved ideas.

It's easier to create money than to spend it.

Never depend on a single source of income.

This economy doesn't work well without the lubrication of credit and trust.