Auto Insurance Is A Toll Bridge, Over

You Normally Don't Get A Margin Call Unless Your Securities, Minus The Debt, Are Worth 30% Or Less Of Their Nominal Market Value.

Quinn's First Law Of Investing Is Never To Buy Anything Whose Price You Can't Follow In The Newspapers. An Investment Without A Public Marketplace Attracts The Fabulists The Way Picnics Attract Ants. Stock Brokers And Financial Planners Can Tell You Anything They Want, Because No One Really Knows What's True. The First Corollary To Quinn's First Law States That, Even When The Price Is In The Newspapers, You Shouldn't Buy Anything Too Complex To Explain To The Average 12-year-old.

There Is A Secret To Investing That Cuts A Path Directly To The Profits That You're Looking For. The Secret Is Simplicity. The More Elementary Your Investment Style, The More Confident You Can Be Of Making Money In The Long Run.

Where You Stand Should Not Depend On Where You Sit.

Buy A Friend; Hire A Lawyer.