Managements, you know, often think of themselves.

Don't be afraid to be a loner but be sure that you are correct in your judgement.

I helped Ben with the third edition of Security Analysis, published in 1951.

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

You have to be a little aware of the emotions of the people who have invested with you.

Don't sell on bad news.

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