Buy stocks where the outlook is not good.
If the market were way over priced, I wouldn't own any stocks.
Sell is tough. It's the worst, it's the most difficult thing of all.
Use book value as a starting point to try and establish the value of the enterprise.
Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.
Ben was a very simple straightforward man with a brilliant quick mind.