Understanding the Business is Essential Don’t Underestimate the Profitability of Natural Resources

Learn From All the Companies You Own

We want to maintain the discipline that we will invest in a company, regardless of size, if it meets our criteria. Part of that is because we learn from all the companies we own. Part of that is because it keeps us fresh and engaged and not stuck in the rut of looking at the same 100 companies everyone else is. We also take the position that a penny more in return for our shareholders than we would have had otherwise is a penny worth having. If smaller-cap companies can give us that, we’ll buy them.
Source: http://www.valueinvestorinsight.com/