Never Invest In Any Idea You Can't

If You Hope To Have More Money Tomorrow Than You Have Today, You've Got To Put A Chunk Of Your Assets Into Stocks. Sooner Or Later, A Portfolio Of Stocks Or Stock Mutual Funds Will Turn Out To Be A Lot More Valuable Than A Portfolio Of Bonds Or Cds Or Money-market Funds.

I Think You Have To Learn That There's A Company Behind Every Stock, And That There's Only One Real Reason Why Stocks Go Up. Companies Go From Doing Poorly To Doing Well Or Small Companies Grow To Large Companies.

The Biggest Winners Are Surprises To Me, And Takeovers Are Even More Surprising. It Takes Years, Not Months, To Produce Big Results.

Everyone Has The Brain Power To Make Money In Stocks. Not Everyone Has The Stomach.

Twenty Years In This Business Convinces Me That Any Normal Person Using The Customary Three Percent Of The Brain Can Pick Stocks Just As Well, If Not Better, Than The Average Wall Street Expert.