“Instead of passing blithely over into that Promised Land, flowing almost literally with milk and honey, it may be our destiny to wander a full 40 years or more in the wilderness of doubt and divided sentiments.”

Stock speculation is largely a matter of A trying to decide what B, C and D are likely to think-with B, C and D trying to do the same.

The modern world is not geared properly to the storage of goods.

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.

The chief losses to investors come from the purchase of low-quality securities at times of favorable business conditions.

Speculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues.

The true investor… will do better if he forgets about the stock market and pays attention to his dividend returns and to the operation results of his companies.

The utility, or intrinsic value of gold as a commodity is now considerably less than in the past; its monetary status has become extraordinarily ambiguous; and its future is highly uncertain.

Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble… to give way to hope, fear and greed.

It is worth pointing out that assuredly not more than one person out of a hundred who stayed in the market after after 1925 emerged from it with a net profit and that the speculative losses taken were appalling.

Rather should we say that the market is a voting machine, whereon countless individuals register choices which are the product partly of reason and partly of emotion.

Price statistics show clearly that instability in raw-material prices is a prime cause of instability of other prices.

No statement is more true and better applicable to Wall Street than the famous warning of Santayana: “Those who do not remember the past are condemned to repeat it”.

No matter how careful you are, the one risk no investor can ever eliminate is the risk of being wrong. Only by insisting on what Graham called the “margin of safety” – never overpaying, no matter how exciting an investment seems to be – can you minimize your odds of error.

Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same.

Buy when most people, including experts, are pessimistic, and sell when they are actively optimistic.

Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.

What part of Canada are you from, honey?” “THE LEFT PART,” said Jay.

We may like the honey without liking the bee, but this will not be ethical!

So long as the bee is outside the petals of the lily, and has not tasted the sweetness of its honey, it hovers around the flower emitting the buzzing sound; but when it is inside the flower

Honey, if you’ve had your eye on a piece of talent and that chick down the road has been getting all the action, then you know what you gotta do… Try A Little Bit Harder.

As the bee collecteth honey with great zest, so the fool collecteth wealth.

Food serves two parallel purposes: it nourishes and it helps you remember. Eating and storytelling are inseparable-the saltwater is also tears; the honey not only tastes sweet, but makes us think of sweetness; the matzo is the bread of our affliction.

Turn all things to honey; this is the law of divine living.

The fly that touches honey cannot use it’s wings; so too the soul that clings to spiritual sweetness ruins it’s freedom and hinders contemplation.