You have to have patience in this field.

Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.

If you are honest, hardworking, reasonably intelligent and have good common sense, you can do well in the investment field as long as you are not too greedy and don't get too emotional when things go against you.

Before selling, try to re-evaluate the company again and see where the stock sells in realtion to its book value.

Graham liked the idea of protection on the downside.

By setting up Berkshire Hathaway, Warren has done everything very rationally.

I'm a passive investor. There are people who are very aggressive; they try to buy companies.