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All you need for a lifetime of successful investing is a few big winners,and the pluses from those will overwhelm the minuses from the stocks that don’t work out.

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The extravagance of any corporate office is directly proportional to management’s reluctance to reward the shareholders.

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Your investor’s edge is not something you get from Wall Street experts. It’s something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.

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It’s human nature to keep doing something as long as it’s pleasurable and you can succeed at it, which is why the world population continues to double every 40 years.

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Invest in businesses any idiot could run, because someday one will.

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Avoid hot stocks in hot industries.

3お蔵入り

As I look back on it now, it’s obvious that studying history and philosophy was much better preparation for the stock market than, say, studying statistics.

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Time is on your side when you own shares of superior companies.

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A decline is a great opportunity to pick up the bargains left behind by investors who are fleeing the storm in panic.

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A stock market decline is as routine as a January blizzard in Colorado. If you’re prepared, it can’t hurt you.

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