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BP was willing to dilute its shares when others might not because BP was weakened financially.
Mr Sokol had mentioned that he owned Lubrizol shares when they first discussed the company.
This helps you to buy more shares when the market falls and fewer when it rises.
"There are people round here who had shares when Wal-Mart was nothing," he says.
The managers aim to buy shares when they trade near market multiples.
The company had sold only 19.6 million shares when it closed its online auction Wednesday evening.
The TyCom shares it received were later converted into Tyco shares, when Tyco reacquired the company.
He also sells shares when companies prove unable to improve their return on investment.
Later on, you can buy bigger shares when you can afford to.
DoCoMo said it would buy the shares when AT&T Wireless buys TeleCorp PCS.
Many of its investors picked up windfall shares when Abbey floated in 1989.
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CEO of Professional Science Editing for Scientists @ prosciediting.com