A good article that makes some very valid points. The only one I'd take issue with is the statement about the writers personal investing where he says he only buys stocks he thinks are undervalued (that generally means out of favor - or that nobody else likes them enough to lift the price). I don't personally like to think in those terms. Why go out of your way to find stocks that nobody else likes? Buy stocks in companies that you THINK have a chance to make you some money. That means more buyers than sellers.
Regardless of that point - it's worth a read if only for re-inforcement of basic principals.
Remember that - no different from my own "blogging" here -- these are just one persons opinion. They should all be taken with a grain of salt -- and are just "things to think about".
http://seekingalpha.com/article/1235...g_income&ifp=0