Hold No More Stocks Than

Behind Every Stock Is A Company. Find Out What It's Doing.

A Lot Of People Got In At The Wrong Time. A Lot Of People Did Very Well And Some People Said, "this Is It. I'll Never Get Back In Again." And They Maybe Meant It, But They Probably Got Back In Again Anyway.

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.

If You Can Follow Only One Bit Of Data, Follow The Earnings - Assuming The Company In Question Has Earnings. I Subscribe To The Crusty Notion That Sooner Or Later Earnings Make Or Break An Investment In Equities. What The Stock Price Does Today, Tomorrow, Or Next Week Is Only A Distraction.

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