I'm not very good on timing. In fact, I've stayed away from it.

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

We do not spend a great deal of time talking to management.

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

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

Have a philosophy of investment and try to follow it.

Stockbrokers aren't too interested in a stock you can sit there for five years with.