If You Go To Minnesota In January,

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.

All The Time And Effort People Devote To Picking The Right Fund, The Hot Hand, The Great Manager Have, In Most Cases, Led To No Advantage.

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.

More Money Is Lost Anticipating The Changes In The Overall Stock Market Than Any Other Way Of Investing.

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.