"BUY AND HOLD, HOLD, HOLD. We are buying [AOL], and we are holding. And holding. And holding. Because when we come to like a company and its situation this much, we're very unlikely to let go inside of a decade."
"My valuation model clearly indicated that AOL was undervalued. I also believed that AOL would begin to generate additional revenue from advertising and online commerce in the future, which would only add further to the "fair" stock price that I had calculated. This quantitative data, combined with my knowledge and experience with AOL, gave me the confidence I needed to buy and hold AOL stock for the long-term."