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.

The market is a very emotional place that appeals to fear and greed.

Timidity prompted by past failures causes investors to miss the most important bull markets.

We do not spend a great deal of time talking to management.

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

Don't be afraid to be a loner but be sure that you are correct in your judgement.

Try to establish the value of a company.