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!
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.
Try to buy assets at a discount than to buy earnings.
When you buy a depressed company it's not going to go up right after you buy it, believe me.
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.
Timidity prompted by past failures causes investors to miss the most important bull markets.
You have to invest the way that's comfortable for you.
Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.
Look for companies that do not have a lot of debt.
Don't be afraid to be a loner but be sure that you are correct in your judgement.
Earnings can change dramatically. Usually assets change slowly.
The market is a very emotional place that appeals to fear and greed.
Be sure that debt does not exceed 100% of the equity.
If the stock goes down we want to buy more.
Don't sell on bad news.
If there are not too many value stocks that I can find, the market isn't all that cheap.
Each year we buy stocks and they go up, we sell them and then we try to buy something cheaper.
Have patience. Stocks don't go up immediately.
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 market were way over priced, I wouldn't own any stocks.
Be aware of the level of the stock market. Are yields low and PE ratios high?
Don't be in too much of a hurry to sell.
If the market is so cheap, you want to get something with a little more zip in it, or potential.
Devise a simple strategy so you can sleep at night.
Make sure you have the courage to stay true to your convictions and not let the market affect your emotions.
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