Have patience. Stocks don't go up immediately.

We like to buy stocks which we feel are undervalued and then we have to have the guts to buy more when they go down.

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

Don't sell on bad news.

Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.

All the publicity about value investing - it's become a very popular thing.

Don't be afraid to be a loner but be sure that you are correct in your judgement.