"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."
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks."
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Source: Benjamin Graham (1959). “The Intelligent Investor: A Book of Practical Counsel”
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