We basically followed the idea of buying comapnies selling below working-capital - at two thirds of working-capital.

I find it helpful to buy near the low of the last few years.

I was in Graham's office the day he bought GEICO. Warren owns one-third of the stock today.

Have a philosophy of investment and try to follow it.

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

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

Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.