"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."
"In the old legend the wise men finally boiled down the history of mortal affairs into a single phrase: 'This too will pass.'"
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Source: Benjamin Graham (1959). “The Intelligent Investor: A Book of Practical Counsel”
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