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

We get a feeling, if we can, about what we think the company is worth.

Try to look for weaknesses in your thinking.

Have a philosophy of investment and try to follow it.

Ben's emphasis was on protecting his expectation of profit with minimum risk.

We may buy a little bit of a stock, to get our feet wet and get a feeling for it.

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