Basically, what I do is place a stop, generally 10 to 20 percent below the current price, whenever I buy a stock. The exact level depends on my own analysis of a stock's trading pattern. If a stock violates this stop, I'm out.

Monetary conditions exert an enormous influence on stock prices. Indeed, the monetary climate - primarily the trend in interest rates and Federal Reserve policy - is the dominant factor in determining the stock market's major direction.

Success means making profits and avoiding losses.

Generally, a rising trend in rates is bearish for stocks; a falling trend is bullish.

If you take the MY out of money, you're left with ONE.

I'm concerned a little bit with the culture of celebrating the fundraise. My dad taught me that when you borrow money it's the worst day of your life.

All they had to do was put my name on a marquee and watch the money roll in.

Importantly, I still give money to homeless people - and all other charities.