"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 intelligent investor gets interested in big growth stocks not when they are at their most popular - but when something goes wrong."
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Source: Benjamin Graham (2009). “The Intelligent Investor, Rev. Ed”, p.13, Harper Collins
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