The Real Key To Making Money In

If You're Prepared To Invest In A Company, Then You Ought To Be Able To Explain Why In Simple Language That A Fifth Grader Could Understand, And Quickly Enough So The Fifth Grader Won't Get Bored.

There's No Shame In Losing Money On A Stock. Everybody Does It. What Is Shameful Is To Hold On To A Stock, Or Worse, To Buy More Of It When The Fundamentals Are Deteriorating.

Spend At Least As Much Time Researching A Stock As You Would Choosing A Refrigerator.

Time Is On Your Side When You Own Shares Of Superior Companies.

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.