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.

I don't have a ticker-tape machine in my office.

Be careful of leverage. It can go against you.

Don't sell on bad news.

Some kinds of stocks are easier to analyse than others.

Fear and greed tend to affect one's judgement.

Stockbrokers aren't too interested in a stock you can sit there for five years with.