If You Have The Stomach

A Price Drop In A Good Stock Is Only A Tragedy If You Sell At That Price And Never Buy More. To Me, A Price Drop Is An Opportunity To Load Up On Bargains From Among Your Worst Performers And Your Laggards That Show Promise. If You Can't Convince Yourself "when I'm Down 25 Percent, I'm A Buyer" And Banish Forever The Fatal Thought "when I'm Down 25 Percent, I'm A Seller," Then You'll Never Make A Decent Profit In Stocks.

In The Summer Of 1990, I Was Buying Stocks And I Was Probably Three Or Four Months Early There. But We Had A Great Rally In 1991.

My Method For Picking Stocks Has Never Changed. When Businesses Go From Crappy To Semicrappy, There's Money To Be Made.

It Only Takes A Handful Of Big Winners To Make A Lifetime Of Investing Worthwhile.

Know What You Own, And Know Why You Own It.