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.

Have patience. Stocks don't go up immediately.

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

A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?

If there are not too many value stocks that I can find, the market isn't all that cheap.

We do not spend a great deal of time talking to management.

Have the courage of your convictions once you have made a decision.