In Stocks As In Romance, Ease Of

Invest In Businesses Any Idiot Could Run, Because Someday One Will.

The List Of Qualities (an Investor Should Have) Include Patience, Self-reliance, Common Sense, A Tolerance For Pain, Open-mindedness, Detachment, Persistence, Humility, Flexibility, A Willingness To Do Independent Research, An Equal Willingness To Admit Mistakes, And The Ability To Ignore General Panic.

When Stocks Are Attractive, You Buy Them. Sure, They Can Go Lower. I've Bought Stocks At $12 That Went To $2, But Then They Later Went To $30. You Just Don't Know When You Can Find The Bottom.

Nobody Can Predict Interest Rates, The Future Direction Of The Economy Or The Stock Market. Dismiss All Such Forecasts And Concentrate On What's Actually Happening To The Companies In Which You've Invested

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.