You Only Need A Few Good Stocks

If You Go To Minnesota In January, You Should Know That It's Gonna Be Cold. You Don't Panic When The Thermometer Falls Below Zero.

You Only Need A Few Good Stocks In Your Lifetime. I Mean How Many Times Do You Need A Stock To Go Up Ten-fold To Make A Lot Of Money? Not A Lot.

You Get Recessions, You Have Stock Market Declines. If You Don't Understand That's Going To Happen, Then You're Not Ready, You Won't Do Well In The Markets.

When People Discover They Are No Good At Baseball Or Hockey, They Put Away Their Bats And Their Skates And They Take Up Amateur Golf Or Stamp Collecting Or Gardening. But When People Discover They Are No Good At Picking Stocks, They Are Likely To Continue To Do It Anyway.

There's No Use Diversifying Into Unknown Companies Just For The Sake Of Diversity. A Foolish Diversity Is The Hobgoblin Of Small Investors. That Said, It Isn't Safe To Own Just One Stock, Because In Spite Of Your Best Efforts, The One You Choose Might Be The Victim Of Unforeseen Circumstances. In Small Portfolios, I'd Be Comfortable Owning Between Three And Ten Stocks.