|I approach my list of investment candidates with a healthy dose of skepticism. My best friend in the whole world when it comes to building my inventory of value investing opportunities is the no-thank-you pile. If there is something you do not understand or are not comfortable with, in the no-thank-you pile it should go. If a company has too many problems - too much debt, union and pension problems, stiff foreign competition - on the pile it goes. I have the luxury of filling my store with merchandise I am comfortable with and want to own for the long term wealth building it offers.
- Source: The Little Book of Value Investing (Little Books. Big Profits)
by Christopher H. Browne
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