‘Talk to people in the Industry; Suppliers, Customers, Ex-Employees, Competitors.’

‘Always seek Win-Win situations.’

‘Focus on the variables that are going to drive or destroy a company.’

‘Value determinants over time are Qualitative.’

‘Are the company’s products attractive?’

‘In business, culture counts.’

‘M&A can be a minefield.’

‘Excessive debt often leads to ruin.’

‘Capital Allocation is paramount.’

‘Beware Value Traps.’