I find it helpful to buy near the low of the last few years.

Remember that a share of stock represents a part of a business and is not just a piece of paper.

I found that it was much better to look at the figures rather than people.

Making a decision to sell is the most difficult thing we do.

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

Have the courage of your convictions once you have made a decision.

Use book value as a starting point to try and establish the value of the enterprise.