My job was to find stocks that were undervalued.
Warren is a very good judge of people and he's a very good judge of businesses.
Look at companies selling at new lows.
Don't be afraid to be a loner but be sure that you are correct in your judgement.
A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?
Managements, you know, often think of themselves.