If you don't know what you are doing stocks can indeed be dangerous. You can buy stocks high when feeling good and sell them low in a panic. But in the long run stocks still earn the most. So it is important that you have to know what you are doing. Its best to learn this from theory that has proved its self.
Benjamin Graham introduced us to the concept of mister market. In his view the stock market is not efficient at all. In fact mister market like a is manic depressive. Always being overly optimistic and then pessimistic. More popular terms are a bull market and a bear market. When making investment decisions be aware of this.
An other important thing introduced by Graham is intrinsic value. This is what a company is worth when looking at the company fundamentals. When mister market is in upper mode he tends to value companies above their intrinsic value, and when in downer mode he tends to value companies lower than intrinsic value.
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