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

We may buy a little bit of a stock, to get our feet wet and get a feeling for it.

I agree with Warren to keep it simple and not use higher mathematics in your analysis.

Try to establish the value of a company.

Be aware of the level of the stock market. Are yields low and PE ratios high?

You have to have patience in this field.

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