“What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.” NeedsImportantAbleAbilityCompanyKnowingNotesSizeCirclesBoundariesExpertsInvestorsCompetenceEvaluateSelected Author:Warren Buffett
“Before selling, try to re-evaluate the company again and see where the stock sells in realtion to its book value.” TryingBookValuesCompanySellsInvestingSellingEvaluate Author:Walter Schloss