Over The Years, A Number Of Very

When People Tell Me They've Learned From Experience, I Tell Them The Trick Is To Learn From Other People's Experience.

Take The Job You Would Take If You Were Independently Wealthy. You're Going To Do Well At It.

You Have To Turn Over A Lot Of Rocks To Find Those Little Anomalies. You Have To Find The Companies That Are Off The Map - Way Off The Map. You May Find Local Companies That Have Nothing Wrong With Them At All. A Company That I Found, Western Insurance Securities, Was Trading For $3/share When It Was Earning $20/share!! I Tried To Buy Up As Much Of It As Possible. No One Will Tell You About These Businesses. You Have To Find Them.

The Greater The Potential For Reward In The Value Portfolio, The Less Risk There Is.

We've Used Derivatives For Many, Many Years. I Don't Think Derivatives Are Evil, Per Se, I Think They Are Dangerous.