"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."
"The best values today are often found in the stocks that were once hot and have since gone cold."
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Source: Benjamin Graham (2009). “The Intelligent Investor, Rev. Ed”, p.31, Harper Collins
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