If you can follow only one bit of data, follow the earnings—assuming the company in question has earnings. (Location 113)

Note: Earnings

Never invest in any company before you’ve done the homework on the company’s earnings prospects, financial condition, competitive position, plans for expansion, and so forth. (Location 173)

Note: Research before invest

when you pick your own stocks, you ought to outperform the experts. (Location 396)

Note: Picking stocks

Companies generally prefer not to have their share prices too high in absolute dollar terms, which is one reason why stock splits are declared. (Location 631)

Note: Stock splits

Isaac Newton was talking about when he said: “If I have seen further . . . it is by standing upon the shoulders of Giants.” (Location 713)

Note: Shoulders Of the giants

Max Heine (now deceased) at Mutual Shares fund was another ingenious freethinker. His protégé, Michael Price, who took over after Heine’s death, has continued the tradition of buying asset-rich companies at fifty cents on the dollar and then waiting for the marketplace to pay the full amount. (Location 781)

Note: Max Heine

John Neff is a champion investor in out-of-favor stocks, for which he’s constantly sticking his neck out. (Location 784)

Note: John Neff