I found that it was much better to look at the figures rather than people.

Price is the most important factor to use in relation to value.

If the market were way over priced, I wouldn't own any stocks.

Buy stocks where the outlook is not good.

Have patience. Stocks don't go up immediately.

A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?

We like to buy stocks which we feel are undervalued and then we have to have the guts to buy more when they go down.