"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."
"Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored."
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Source: Benjamin Graham (1959). “The Intelligent Investor: A Book of Practical Counsel”
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