"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 sillier the market's behavior, the greater the opportunity for the business like investor."
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Source: Benjamin Graham (2009). “The Intelligent Investor, Rev. Ed”, p.9, Harper Collins
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