"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 genuine investor in common stocks does not need a great equipment of brain and knowledge, but he does need some unusual qualities of character"
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Source: Benjamin Graham (1959). “The Intelligent Investor: A Book of Practical Counsel”
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