Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.
When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.
You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets.
The person that turns over the most rocks wins the game. And that's always been my philosophy.
Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business.
Everyone has the brainpower to follow the stock market. If you made it through fifth-grade math, you can do it.
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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