Invest In What You Know.

The Basic Story Remains Simple And Never-ending. Stocks Aren't Lottery Tickets. There's A Company Attached To Every Share.

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.

The Extravagance Of Any Corporate Office Is Directly Proportional To Management's Reluctance To Reward The Shareholders.

I Talk To Hundreds Of Companies A Year And Spend Hour After Hour In Heady Pow-wows With Ceos, Financial Analysts And My Colleagues In The Mutual-fund Business, But I Stumble Onto The Big Winners In Extracurricular Situations, The Same Way You Do.

The Simpler It Is, The Better I Like It.