Your Ultimate Success Or Failure

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.

People Who Want To Know How Stocks Fared On Any Given Day Ask, "where Did The Dow Close?" I'm More Interested In How Many Stocks Went Up Versus How Many Went Down. These So-called Advance/decline Numbers Paint A More Realistic Picture.

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

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.

Charts Are Great For Predicting The Past.