Secret #1: Invest in quality businesses, not stock symbols
Secret #2: Don’t invest for ten minutes if you’re not prepared to invest for ten years: A point to note here is that if one is not willing to own a stock for ten years, than one should not even dream of owning stock for ten minutes.”
Secret #3: Scan thousands of stocks looking for screaming bargains
Secret #4: Calculate how well management is using the money they have
Secret #5: Stay away from “glitter” stocks
Secret #6: Know what is happening behind the scene and what to do with it
Secret #7: Calculate how much money you will make, not whether the stock is undervalued or overvalued according to some academic model.
Secret #8: Remove the looser and keep the winner — not the other way around