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

Our average holding period is four years.

All the publicity about value investing - it's become a very popular thing.

Buy stocks where the outlook is not good.

I'm not very good on timing. In fact, I've stayed away from it.

You have to have confidence in what you're doing.

I agree with Warren to keep it simple and not use higher mathematics in your analysis.