While catching up on the news is merely depressing to the citizen who has no stocks, it is a dangerous habit for the investor. - Peter Lynch

Actually Wall Street thinks just as the Greeks did. The early Greeks used to sit around for days and debate how many teeth a horse has. They thought they could figure it out by just sitting there, instead of checking the horse. A lot of investors sit around and debate whether a stock is going up, as if the financial muse will give them the answer, instead of checking the company.

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.

A person who owns property and has a stake in the enterprise is likely to work harder and feel happier and do a better job than a person who doesn’t.