"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 market is always making mountains out of molehills and exaggerating ordinary vicissitudes into major setbacks."
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Source: Benjamin Graham (1959). “The Intelligent Investor: A Book of Practical Counsel”
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