Wit and Wisdom 11. Greed is good.
Stocks are simple.
All you do is buy shares in a great business for less than the business is intrinsically worth, with managers of highest integrity and ability. Then you own those shares forever. You should invest in a business that even a fool can run, because someday a fool will. The key in life is to figure out who to be the bat boy for. In the short run, the market is a voting machine.