Yes, Warren has done very well.

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

If there are not too many value stocks that I can find, the market isn't all that cheap.

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

We may buy a little bit of a stock, to get our feet wet and get a feeling for it.

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.

By setting up Berkshire Hathaway, Warren has done everything very rationally.