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.
I'm not very good on timing. In fact, I've stayed away from it.
Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.
Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.
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 I buy a stock, I have kind of an idea where I want to sell it.
If the stock goes down we want to buy more.
You have to have patience in this field.
You never really know a stock until you own it.
Be sure that debt does not exceed 100% of the equity.
Try to buy assets at a discount than to buy earnings.
We may buy a little bit of a stock, to get our feet wet and get a feeling for it.
Look for companies that do not have a lot of debt.
If there are not too many value stocks that I can find, the market isn't all that cheap.
If the market were way over priced, I wouldn't own any stocks.
If the market is so cheap, you want to get something with a little more zip in it, or potential.
When you buy a depressed company it's not going to go up right after you buy it, believe me.
A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?
Timidity prompted by past failures causes investors to miss the most important bull markets.
Earnings can change dramatically. Usually assets change slowly.
Don't sell on bad news.
You have to invest the way that's comfortable for you.
Basically, we try to buy value expressed in the differential between its price and what we think its worth.
Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.
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