Try not to let your emotions affect your judgement.
We basically followed the idea of buying comapnies selling below working-capital - at two thirds of working-capital.
I have been around a long time and Wall Street has changed a lot.
Warren is a very good judge of people and he's a very good judge of businesses.
Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.
I'm a passive investor. There are people who are very aggressive; they try to buy companies.