Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.

Book values have some good and some bad features.

When I buy a stock, I have kind of an idea where I want to sell it.

You have to be a little aware of the emotions of the people who have invested with you.

I'm a passive investor. There are people who are very aggressive; they try to buy companies.

I tried to follow Ben Graham's ideas.

Some kinds of stocks are easier to analyse than others.