My first job at Graham-Newman was to prepare the annual report for that 10th year.

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

Don't buy on tips or for a quick move.

We get a feeling, if we can, about what we think the company is worth.

People don't like to buy things that are going down.

Try to establish the value of a company.

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