I have been around a long time and Wall Street has changed a lot.

Try to establish the value of a company.

Basically, we try to buy value expressed in the differential between its price and what we think its worth.

Earnings can change dramatically. Usually assets change slowly.

I have been around a long time and Wall Street has changed a lot.

If the stock goes down we want to buy more.

You never get the high and you never get the low.