Quote

Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it – even though others may hesitate or differ.

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
Sound
Hesitate
Experience
Differ
Facts
Formed
Others
Conclusion
May
Judgment
Even
Courage
Though
Knowledge

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Successful investment may become substantially a matter of techniques and criteria that are learnable, rather than the product of unique and incommunicable mental powers.
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Unusually rapid growth cannot keep up forever when a company has already registered a brilliant expansion, its very increase in size makes a repetition of its achievement more difficult.
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A defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market.
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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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The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.
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If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume.
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