Ben was a great believer in buying a diversified group of securities, so that he limited his risk.
If there are not too many value stocks that I can find, the market isn't all that cheap.
Warren is a very good judge of people and he's a very good judge of businesses.
Ben didn't want to lose money. He had had a rough time during the depression.
Book values have some good and some bad features.
Devise a simple strategy so you can sleep at night.