Try to establish the value of a company.

I agree with Warren to keep it simple and not use higher mathematics in your analysis.

Ben was really a contrarian but he didn't use those terms because he was really buying value.

Try not to let your emotions affect your judgement.

Ben was a great believer in buying a diversified group of securities, so that he limited his risk.

Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.

We like to buy stocks which we feel are undervalued and then we have to have the guts to buy more when they go down.