If the market is so cheap, you want to get something with a little more zip in it, or potential.

Basically, we try to buy value expressed in the differential between its price and what we think its worth.

I don't have a ticker-tape machine in my office.

You know, people tend to like to buy companies that are doing well.

You have to be a little aware of the emotions of the people who have invested with you.

When you buy a depressed company it's not going to go up right after you buy it, believe me.

You have to have patience in this field.