If you are honest, hardworking, reasonably intelligent and have good common sense, you can do well in the investment field as long as you are not too greedy and don't get too emotional when things go against you.
If the stock goes down we want to buy more.
Ben didn't want to lose money. He had had a rough time during the depression.
One has to know more about a company if one buys earnings.
We may buy a little bit of a stock, to get our feet wet and get a feeling for it.
Ben was really a contrarian but he didn't use those terms because he was really buying value.