"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."
"Thousands of people have tried, and the evidence is clear: The more you trade, the less you keep."
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Source: Benjamin Graham (1965). “The Intelligent Investor: A Book of Practical Counsel”, p.11, Prabhat Prakashan
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