Stock investment appears to me more like art than science simply because what we are dealing with are nothing else but other human minds. It is this very fact that adds the majority of complexity to stock investment. Develop a thorough understanding of psychology and human nature is the first step towards success in one's investment. Healthcare (developmental micro-cap biotech in particular) is what attracts me most. This is the sector that produces the most number of 100% gainers in any given year, and thus gives value investors the best opportunity to buy undervalued stocks that have yet to appreciate. In this particular sector, I believe 100% or more annualized return can be achieved if invest wisely (plus some luck of course). Personally, I only look at those stocks that have the potential to at least double over a twelve-month period while taking the least amount of risk. Part of my investment philosophy is reflected in the following remarks, re. general market a) Mr. Market would not correct itself JUST for the purpose of correction. b) "It truly is a market of stocks and not a stock market; therefore, the broad stock market has little to do with the performance of individuals stocks." c) "Fear is the foe of the faddist but the friend of the fundamentalist." d) "The stock market is filled with individuals who know the price of everything, but the value of nothing." e) "Doing nothing is one of the most under-appreciated skills in investing." f) "The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages." g) "Risk is when you don't know what you are doing." h) "It's not what you buy. It's how much you pay for it." i) "A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty." j) For true value investors, high return doesn't always come with high risk. re. management a) "Companies with management that engage in stock promotion mainly focused on its price per share often tend to fail in executing its core business initiatives." re. healthcare in general a) The beauty of stock market is in biotech; and the beauty of biotech is in nano cap. b) "Surety in biotech, after all, is an illusion few of us can afford." re. success "Success in life comes when you simply refuse to give up, with goals so strong that obstacles, failure, and loss only act as motivation."