Don't short many stocks. Instead they hedge for tail risk with CDS and options. They are happy to incur illiquidity

Value investing by its very nature is contrarian.

In investing it is never wrong to change your mind. It is only wrong to change your mind and do nothing about it.

Flexible approach - will look at ALL asset classes.

When a stock is selling at a discount to liquidation value per share, a near rock-bottom appraisal, it is frequently an attractive investment.

A simple rule applies: if you don't quickly comprehend what a company is doing, then management probably doesn't either.

All investors must come to terms with the relentless continuity of the investment process.