A Bull Market Is Like

Never Depend On A Single Source Of Income.

Continually Challenge And Be Willing To Amend Your Best Loved Ideas.

In Investing, Just As In Baseball, To Put Runs On The Scoreboard, One Must Watch The Playing Field, Not The Scoreboard.

Investors Have To Remember: Corporate Profits Are Going Up, But Stocks Are Going Up Faster. How Can That Continue Indefinitely? Investors Can Only Earn What Companies Themselves Can Earn; The Government Or The Markets Themselves Don't Kick Anything In. How Can You Get Anything More Out Of A Farm Than What It Grows?

It Is Easier To Rationalize Than It Is To Be Rational.