If you look at the following charts, they reveal the best investments we have ever made:

1. We bought Amazon.com in 2001 below $10.

2. We started buying Crocs in July 2008 and purchased aggressively below $1.

3. We bought McDonald’s in 2003 at about $13.00.

4. We bought Netflix in 2005 in the low teens.

5. We bought Priceline at about $2 (pre-reverse split of one for six).

These are all companies we know quite a bit about because we use their products. We don’t need to do extraordinary things to get very good returns. The most difficult thing for us as an investor is to be patient waiting for the simple opportunity. When we force it, we don’t do well. We have the scars to prove it.

It has been almost three years since we started purchasing Crocs. We have not added a new holding since then. With the market starting to show some weaknesses, we are starting to get excited. Our immediate focus is Japan.

"Bear Markets make people a lot of money; they just don't know it at the time."

-Shelby Davis