Peter's Principles

Never invest in any idea you can't draw with a crayon.

You can't see the future through a rearview mirror.

There's no point paying Yo-Yo Ma to play a radio.

As long as you are picking a fund, you might as well pick a good one.

The extravagance of any corporate office is directly proportional to management's reluctance to reward the shareholders.

When yields on long-term government bonds exceed the dividend yield of the S&P500 by 6 percent or more, sell your stocks and buy bonds.

The best stock to buy may be the one you already own.

A sure cure for taking a stock for granted is a big drop in the price.

Never bet on a comeback while they're playing "Taps."

If you like the store, chances are you'll love the stock.

In business, competition is never as healthy as total domination.

All else being equal, invest in the company with the fewest color photographs in the annual report.

When even the analysts are bored, it's time to start buying.

Corporations, like people, change their names for one of two reasons: either they've gotten married, or they've been involved in some fiasco that they hope the public will forget.

Whatever the queen is selling, buy it.