An investment is something that upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative. The most realistic distinction between the investor...
If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume. The investor should have a definite selling policy...
The first and most obvious of these principles is: Know what you are doing—know your business. Do not let anyone else run your business, unless (1) you can supervise his...
The investor’s chief problem – and even his worst enemy – is likely to be himself. Individuals who cannot master their emotions are ill-suited to profit from the investment process....