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!
We like to buy stocks which we feel are undervalued and then we have to have the guts to buy more when they go down.
Try to buy assets at a discount than to buy earnings.
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.
When you buy a depressed company it's not going to go up right after you buy it, believe me.
Timidity prompted by past failures causes investors to miss the most important bull markets.
Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.
Earnings can change dramatically. Usually assets change slowly.
The market is a very emotional place that appeals to fear and greed.
You have to invest the way that's comfortable for you.
Look for companies that do not have a lot of debt.
Don't be in too much of a hurry to sell.
Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.
Don't sell on bad news.
Don't be afraid to be a loner but be sure that you are correct in your judgement.
Be sure that debt does not exceed 100% of the equity.
A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?
If the stock goes down we want to buy more.
You never really know a stock until you own it.
If the market were way over priced, I wouldn't own any stocks.
Ben was really a contrarian but he didn't use those terms because he was really buying value.
Devise a simple strategy so you can sleep at night.
When I buy a stock, I have kind of an idea where I want to sell it.
If the market is so cheap, you want to get something with a little more zip in it, or potential.
If there are not too many value stocks that I can find, the market isn't all that cheap.
