101.   Today, Heebner sounds mostly like a value investor crowing over stocks he bought for a song.

102.   Traditional value investors might be tempted to buy those relatively cheap, cyclical stocks, in anticipation of the next big upturn in the economy.

103.   Value investor Michael Price says Europe is the place to buy.

104.   Value investors look for the stock of companies with the lowest ratios of the stock price to the book values.

105.   Value investors who buy beat-up stocks have to be optimists by nature, and Black is no exception.

106.   Value investors, by their nature, chase stocks that are not in high demand and are thus less likely to run up.

107.   Value investors also like the big amount of cash that IBM is generating, a flow which Gerstner has helped along by substantially reducing expenses.

108.   Value investors are bargain hunters.

109.   Value investors are fond of describing their work as mining capital markets for underappreciated nuggets.

110.   Value investors look for companies whose shares are trading at relatively low prices.