Have patience. Stocks don't go up immediately.
Enjoy your work and have ethical standards.
You have to be a little aware of the emotions of the people who have invested with you.
I was in Graham's office the day he bought GEICO. Warren owns one-third of the stock today.
People don't like to buy things that are going down.
Basically, we try to buy value expressed in the differential between its price and what we think its worth.