Just Because You Buy A Stock And

The Rule Of 72 Is Useful In Determining How Fast Money Will Grow. Take The Annual Return From Any Investment, Expressed As A Percentage, And Divide It Into 72. The Result Is The Number Of Years It Will Take To Double Your Money.

The S&p Is Up 343.8 Percent For 10 Years. That Is A Four-bagger. The General Equity Funds Are Up 283 Percent. So It's Getting Worse, The Deterioration By Professionals Is Getting Worse. The Public Would Be Better Off In An Index Fund.

If You're Prepared To Invest In A Company, Then You Ought To Be Able To Explain Why In Simple Language That A Fifth Grader Could Understand, And Quickly Enough So The Fifth Grader Won't Get Bored.

Twenty Years In This Business Convinces Me That Any Normal Person Using The Customary Three Percent Of The Brain Can Pick Stocks Just As Well, If Not Better, Than The Average Wall Street Expert.

Just Because You Buy A Stock And It Goes Up Does Not Mean You Are Right. Just Because You Buy A Stock And It Goes Down Does Not Mean You Are Wrong.