The Biggest Winners Are Surprises To Me,

Although It's Easy To Forget Sometimes, A Share Is Not A Lottery Ticket... It's Part-ownership Of A Business.

As I Look Back On It Now, It's Obvious That Studying History And Philosophy Was Much Better Preparation For The Stock Market Than, Say, Studying Statistics.

When You Start To Confuse Freddie Mac, Sallie Mae And Fannie Mae With Members Of Your Family, And You Remember 2,000 Stock Symbols But Forget The Children's Birthdays, There's A Good Chance You've Become Too Wrapped Up In Your Work.

Thousands Of Experts Study Overbought Indicators, Oversold Indicators, Head-and-shoulder Patterns, Put-call Ratios, The Fed's Policy On Money Supply, Foreign Investment, The Movement Of The Constellations Through The Heavens, And The Moss On Oak Trees, And They Can't Predict Markets With Any Useful Consistency, Any More Than The Gizzard Squeezers Could Tell The Roman Emperors When The Huns Would Attack.

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.