We may buy a little bit of a stock, to get our feet wet and get a feeling for it.
Warren is a very good judge of people and he's a very good judge of businesses.
Use book value as a starting point to try and establish the value of the enterprise.
I don't have a ticker-tape machine in my office.
You never get the high and you never get the low.
If you are honest, hardworking, reasonably intelligent and have good common sense, you can do well in the investment field as long as you are not too greedy and don't get too emotional when things go against you.