There is almost always a major blip for whatever reason and we have learnt to expect it and not to panic.

I suspect that my thinking is an eclectic mix, not pure net-net because I couldn’t do it anyway so you have to have a new something to hang your hat on. But the framework stays the same.

I’m lucky to have the kind of life where the differentiation between work and play is absolutely zilch. I have no idea whether I’m working or whether I’m playing.

We do liquidation analysis and liquidation analysis only.

There is always something to do. You just need to look harder, be creative and a little flexible.

The price earning multiple must be less than ten or the inverse of the long term corporate bond rate, whichever is the less.

There is almost always a major blip for whatever reason and we have learnt to expect it and not to panic.