"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."
"Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it – even though others may hesitate or differ."
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Source: Benjamin Graham (1965). “The Intelligent Investor: A Book of Practical Counsel”, p.205, Prabhat Prakashan
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