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Cassie,
I think you might be surprised. I think you probably would agree very strongly with Buffett's methods.
Buy a good business with growth prospects, with good management at a sizeable discount to its' true value.
Pretty basic isn't it.
All of the above points give you a "margin of safety" in the long term, so that you can be confident (if your reasoning in picking the stock has been right), that if the price falls by 50% you should not sell - you should back up the truck and buy a heap more. ie if it was worth $15, it was a buy at $10, and it is twice as good a buy at $5.

Haven't read O'Neill yet. Did you recommend him? I did a search back and couldn't find anything about him. Care to make a recommendation? Our local library is fairly basic but they should be able to get something in for me.
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