Avoid Hot Stocks In Hot Industries.

Investing Is Fun And Exciting, But Dangerous If You Don't Do Any Work.

Twenty Years In This Business Convinces Me That Any Normal Person Using The Customary Three Percent Of The Brain Can Pick Stocks Just As Well, If Not Better, Than The Average Wall Street Expert.

So While I Was In College I Did A Little Study On The Freight Industry, The Air Freight Industry. And I Looked At This Company Called Flying Tiger. And I Actually Put A Thousand Dollars In It And I Remember I Thought This Air Cargo Was Going To Be A Thing Of The Future.

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

If All The Economists In The World Were Laid End To End, It Wouldn't Be A Bad Thing.