The average stock was up 9 percent last year, whether it was growth or value, ... The market is top-heavy to a select list of names.

By value standards we had a good year,

If you're comfortable with high risk, fine, ... But if you're uncomfortable with risk, you can't do without value.

There are a lot of value investors who have done tremendous style drift, ... The funds have drifted so dramatically that it's hard to compare us to them.

There's very little value in getting angry at anybody over the telephone, it is too easy to hang up.

There's very little value in getting angry over the telephone.