Investing Is Fun And Exciting, But Dangerous

Logic Is The Subject That Has Helped Me Most In Picking Stocks, If Only Because It Taught Me To Identify The Peculiar Illogic Of Wall Street. Actually Wall Street Thinks Just As The Greeks Did. The Early Greeks Used To Sit Around For Days And Debate How Many Teeth A Horse Has. They Thought They Could Figure It Out Just By Sitting There, Instead Of Checking The Horse. A Lot Of Investors Sit Around And Debate Whether A Stock Is Going Up, As If The Financial Muse Will Give Them The Answer, Instead Of Checking The Company.

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.

Everyone Has The Brainpower To Follow The Stock Market. If You Made It Through Fifth-grade Math, You Can Do It.

The Typical Big Winner In The Lynch Portfolio Generally Takes Three To Ten Years To Play Out.

Avoid Hot Stocks In Hot Industries.