Best Advice

Sell for the right reason

Don Phillips. Managing director, Morningstar

If you find a great growth company, don't sell it just because it gets a little pricey - you may never get back in again.

Be careful of people you trust

Scott Adams. Creator of "Dilbert"

The only people who can screw you are the people you trust. The people you don't trust never get the chance. So keep an eye on the people you trust.

What I learned from J.P. Morgan

Bill Gross. Managing director, Pimco

On Gross’ office walls are pictures of three people: J.P. Morgan, who taught him that it is character, not assets, that counts most; Jesse Livermore, who taught him that it is important to "know thyself"; and Bernard Baruch, who taught him that "two and two always equal four" and that no one has ever invented a way to get something for nothing.