"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 purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy."
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Source: Benjamin Graham (2009). “The Intelligent Investor, Rev. Ed”, p.1, Harper Collins
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