I helped Ben with the third edition of Security Analysis, published in 1951.

Have patience. Stocks don't go up immediately.

By setting up Berkshire Hathaway, Warren has done everything very rationally.

Don't sell on bad news.

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

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

You have to have confidence in what you're doing.