I've had the good fortune of being around smart investors my whole life, including my father. Because of that, I'm sure things maybe clicked a bit more quickly when I started getting interested in investing. But I'd have to say learning from what works and what doesn't is how you really become a better investor. [...]
We tend to be conservative and deliberate, which often keeps us from buying as much as we should as quickly as we should. Having said that, I think being skeptical and wary about all the things that can go wrong is a good way to avoid making a lot of mistakes. Anyway, it's my nature [...]
We like to invest with management that gets it and is doing what we think they should. Some investors want to buy cheap stocks where the businesses are run by morons and then force them to do something different. That's not a bad strategy, but that's not how we tend to do things.