When it comes to investing, my suggestion is to first understand your strengths and weaknesses, and then devise a simple strategy so that you can sleep at night!

When I buy a stock, I have kind of an idea where I want to sell it.

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

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

Before selling, try to re-evaluate the company again and see where the stock sells in realtion to its book value.

Warren is a very good judge of people and he's a very good judge of businesses.

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