Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.
Ben didn't want to lose money. He had had a rough time during the depression.
Try to buy assets at a discount than to buy earnings.
Use book value as a starting point to try and establish the value of the enterprise.
Price is the most important factor to use in relation to value.
I'm a passive investor. There are people who are very aggressive; they try to buy companies.