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Why should the cotton growers suffer if there is shortage of wheat?

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
Growers
Shortage
Wheat
Cotton
Suffer
Suffering

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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 should be aware that even though safety of its principal and interest may be unquestioned, a long term bond could vary widely in market price in response to changes in interest rates.
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Many progressive economists insist that gold is now in essentially the same position as silver and that the arguments the simon-pure gold advocates use against the white metal can be directed with equal effect against their own fetish.
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Both individual skill (art) and chance are important factors in determining success or failure.
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The investor has a right to expect good results to flow from a consistent and courageous application of the principle of buying after the market has declined substantially and selling after it has had a spectacular rise. But he cannot expect to reduce this principle to a simple and foolproof formula, with profits guaranteed and no anxious periods.
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Wall Street has a few prudent principles the trouble is that they are always forgotten when they are most needed.
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