If the market is so cheap, you want to get something with a little more zip in it, or potential.
Warren is a very good judge of people and he's a very good judge of businesses.
Look for companies that do not have a lot of debt.
Ben was a great believer in buying a diversified group of securities, so that he limited his risk.
Be sure that debt does not exceed 100% of the equity.
Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.