The broker is not your friend. He’s more like a doctor who charges patients on how often they change medicines. And he gets paid far more for the stuff the house is promoting than for the stuff that will make you better.
Don’t own a stock for ten minutes if you don’t intend to own it for ten years.
Wall Street is in the business of generating fees for Wall Street. Period. It’s not in the business of getting good investment results. You have to be separate from Wall Street to do that.
The stock market is filled with individuals who know the price of everything, but the value of nothing.
