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It is absurd to think that the general public can ever make money out of market forecasts.

Benjamin Graham

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Benjamin Graham
Age: 82 †
Born: 1894
Born: May 8
Died: 1976
Died: September 21
Economist
Financier
Investor
University Teacher
Writer
London
England
Public
Money
Ever
Make
Forecasts
Think
Investing
Thinking
Absurd
Market
General

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Individuals who cannot master their emotions are ill-suited to profit from the investment process.
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It requires strength of character in order to think and to act in opposite fashion from the crowd and also patience to wait for opportunities that may be spaced years apart.
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Mr. Market's job is to provide you with prices your job is to decide whether it is to your advantage to act on them. You no not have to trade with hime just because he constantly begs you to.
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In the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.
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An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.
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Stock speculation is largely a matter of A trying to decide what B, C and D are likely to think-with B, C and D trying to do the same.
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In the financial markets, hindsight is forever 20/20, but foresight is legally blind. And thus, for most investors, market timing is a practical and emotional impossibility.
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The investor's chief problem - and even his worst enemy - is likely to be himself.
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The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.
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Do not let anyone else run your business
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If we assume that there are normal or standard income results to be obtained from investing money in securities, then the role of the adviser can be more readily established. He will use his superior training and experience to protect his clients against mistakes and to make sure that they obtain the results to which their money is entitled.
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An intelligent investor gets satisfaction from the thought that his operations are exactly opposite to those of the crowd.
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Price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal.
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Good managements produce a good average market price, and bad managements produce bad market prices.
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The value of the security analyst to the investor depends largely on the investor's own attitude. If the investor asks the analyst the right questions, he is likely to get the right or at least valuable answers.
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