Key Learnings From Section 1

Don’t overestimate the skill and wisdom of professionals.
Take advantage of what you already know.
Look for opportunities that haven’t yet been discovered and certified by Wall Street—companies that are “off the radar scope.”
Invest in a house before you invest in a stock
Invest in companies, not in the stock market
Ignore short-term fluctuations
Large profits and Losses can be made in common stocks
Predicting the economy and short term direction of the stock market is futile.
The long-term returns from stocks are both relatively predictable and also far superior to the long-term returns from bonds.
Keeping up with a company in which you own stock is like playing an endless stud-poker hand.
Common stocks aren’t for everyone, nor even for all phases of a person’s life.
The average person is exposed to interesting local companies and products years before the professionals.
Having an edge will help you make money in stocks.
In the stock market, one in the hand is worth ten in the bush.