Managements, you know, often think of themselves.
Price is the most important factor to use in relation to value.
If there are not too many value stocks that I can find, the market isn't all that cheap.
Warren is a very good judge of people and he's a very good judge of businesses.
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.
Don't be afraid to be a loner but be sure that you are correct in your judgement.