Stockbrokers aren't too interested in a stock you can sit there for five years with.
Ben's emphasis was on protecting his expectation of profit with minimum risk.
Earnings can change dramatically. Usually assets change slowly.
Use book value as a starting point to try and establish the value of the enterprise.
Timidity prompted by past failures causes investors to miss the most important bull markets.
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!