I Spend About Fifteen Minutes A Year

If You Have The Stomach For Stocks, But Neither The Time Nor The Inclination To Do The Homework, Invest In Equity Mutual Funds.

Bargains Are The Holy Grail Of The True Stockpicker. The Fact That 10 To 30 Percent Of Our Net Worth Is Lost In A Market Sell-off Is Of Little Consequence. We See The Latest Correction Not As A Disaster But As An Opportunity To Acquire More Shares At Low Prices. This Is How Great Fortunes Are Made Over Time.

Never Invest In A Company Without Understanding Its Finances. The Biggest Losses In Stocks Come From Companies With Poor Balance Sheets.

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

The Worst Thing You Can Do Is Invest In Companies You Know Nothing About. Unfortunately, Buying Stocks On Ignorance Is Still A Popular American Pastime.