Mr. Market’s job is to provide you with prices; your job is to decide whether it is to your advantage to act on them. You no not have to trade with hime just because he constantly begs you to.
BENJAMIN GRAHAMFor 99 issues out of 100 we could say that at some price they are cheap enough to buy and at some price they would be so dear that they would be sold.
More Benjamin Graham Quotes
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To enjoy a reasonable chance for continued better than average results, the investor must follow policies which are (1) inherently sound and promising, and (2) not popular on Wall Street.
BENJAMIN GRAHAM -
Many progressive economists insist that gold is now in essentially the same position as silver and that the arguments the simon-pure gold advocates use against the white metal can be directed with equal effect against their own fetish.
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A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market.
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Successful investing professionals are disciplined and consistent and they think a great deal about what they do and how they do it.
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Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop.
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Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculator was selling.
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It is a fact worth pondering that four centuries ago the evil of “an abundance or surplus” arose from its being kept off the market, while today the evil of surplus lies in its being thrown upon the market.
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Whether we like it or not, government intervention in the face of surplus is here to stay.
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The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.
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Avoid second-quality issues in making up a portfolio unless they are demonstrable bargains.
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The memory of the financial community is proverbially and distressingly short.
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The essence of investment management is the management of risks, not the management of returns.
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Those with the enterprise lack the money and those with the money lack the enterprise to buy stocks when they are cheap.
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The stock market resembles a huge laundry in which institutions take in large blocks of each others washing … without rhyme or reason.
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Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep.
BENJAMIN GRAHAM