Ben was really a contrarian but he didn't use those terms because he was really buying value.

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.

Don't buy on tips or for a quick move.

Look for companies that do not have a lot of debt.

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

If there are not too many value stocks that I can find, the market isn't all that cheap.

Have a philosophy of investment and try to follow it.