You Only Need A Few Good Stocks

If You Can Find A Company That Can Get Away With Raising Prices Year After Year Without Losing Customers (an Addictive Product Such As Cigarettes Fills The Bill), You've Got A Terrific Investment.

There Are Substantial Rewards For Adopting A Regular Routine Of Investing And Following It No Matter What, And Additional Rewards For Buying More Shares When Most Investors Are Scared Into Selling.

I Spend About Fifteen Minutes A Year On Economic Analysis.

There Is Always Something To Worry About. Avoid Weekend Thinking And Ignoring The Latest Dire Predictions Of The Newscasters. Sell A Stock Because The Company's Fundamentals Deteriorate, Not Because The Sky Is Falling.

There's No Use Diversifying Into Unknown Companies Just For The Sake Of Diversity. A Foolish Diversity Is The Hobgoblin Of Small Investors. That Said, It Isn't Safe To Own Just One Stock, Because In Spite Of Your Best Efforts, The One You Choose Might Be The Victim Of Unforeseen Circumstances. In Small Portfolios, I'd Be Comfortable Owning Between Three And Ten Stocks.