One of the tricks of this business is, keep your losses down.

When you buy a depressed company it's not going to go up right after you buy it, believe me.

You have to have patience in this field.

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 find it helpful to buy near the low of the last few years.

Remember that a share of stock represents a part of a business and is not just a piece of paper.

People don't like to buy things that are going down.