Avoid Hot Stocks In Hot Industries.

The Rule Of 72 Is Useful In Determining How Fast Money Will Grow. Take The Annual Return From Any Investment, Expressed As A Percentage, And Divide It Into 72. The Result Is The Number Of Years It Will Take To Double Your Money.

I Like To Buy A Company Any Fool Can Manage Because Eventually One Will.

I Spend About Fifteen Minutes A Year On Economic Analysis.

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.

My High-tech Aversion Caused Me To Make Fun Of The Typical Biotech Enterprise: $100 Million In Cash From Selling Shares, One Hundred Ph.d.'s, 99 Microscopes, And Zero Revenues.