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

Some kinds of stocks are easier to analyse than others.

Fear and greed tend to affect one's judgement.

I have been around a long time and Wall Street has changed a lot.

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

We basically followed the idea of buying comapnies selling below working-capital - at two thirds of working-capital.

Look at companies selling at new lows.