There Is Always Something To Worry About.

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

You Have To Let The Big Ones Make Up For Your Mistakes.

I Talk To Hundreds Of Companies A Year And Spend Hour After Hour In Heady Pow-wows With Ceos, Financial Analysts And My Colleagues In The Mutual-fund Business, But I Stumble Onto The Big Winners In Extracurricular Situations, The Same Way You Do.

Never Buy Anything That You Can't Illustrate On The Back Of A Napkin.

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.