Still, I found it strangely heartening to learn that billionaire investors face the same nagging questions as any novice buying 100 shares of America Online . Buying stocks with low multiples of earnings is out of fashion in today's Internet market. But that's where the long-term values lie. Don't be a pig. Pigs get slaughtered.
Early bird gets the return.
Not everyone has such clout. But by using special knowledge of your job or hobby you can spot a trend early. What you buy is more important than what you pay. No risk, no reward.