If the market is so cheap, you want to get something with a little more zip in it, or potential.
Look for companies that do not have a lot of debt.
Use book value as a starting point to try and establish the value of the enterprise.
Be sure that debt does not exceed 100% of the equity.
Ben was a very simple straightforward man with a brilliant quick mind.
I was in Graham's office the day he bought GEICO. Warren owns one-third of the stock today.