When it comes to investing, my suggestion is to first understand your strengths and weaknesses, and then devise a simple strategy so that you can sleep at night!
Warren is a very good judge of people and he's a very good judge of businesses.
Price is the most important factor to use in relation to value.
The market is a very emotional place that appeals to fear and greed.
You have to invest the way that's comfortable for you.
We basically followed the idea of buying comapnies selling below working-capital - at two thirds of working-capital.