The only way one makes money in the market is when the market's perception of a stock changes.

If I had to name one factor that dominates human bad decisions, it would be what I call denial.

There's an old saying, dumb is forever.

A lot of people look to hit singles and sacrifice bunts and make small returns. But statistically you are far better off with huge gains because you are going to make mistakes. And if you are playing small ball and you make a few mistakes, you can't recover.

The only way one makes money in the market is when the market's perception of a stock changes.

The mantra is patience, patience and more patience. Think long-term and remember that the big rewards accrue with compound annual rates of return.