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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
Cotton
Suffer
Suffering
Growers
Shortage
Wheat
More quotes by Benjamin Graham
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.
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Even defensive portfolios should be changed from time to time, especially if the securities purchased have an apparently excessive advance and can be replaced by issues much more reasonable priced.
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Diversification is an established tenet of conservative investment.
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The only thing you should do with pro forma earnings is ignore them.
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It is absurd to think that the general public can ever make money out of market forecasts.
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Always remember that market quotations are there for convenience, either to be taken advantage of or to be ignored.
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Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop.
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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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There is no reason to feel any shame in hiring someone to pick stocks or mutual funds for you. But there's one responsibility that you must never delegate. You, and no one but you, must investigate whether an adviser is trustworthy and charges reasonable fees.
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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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The beauty of periodic rebalancing is that it forces you to base your investing decisions on a simple, objective standard.
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The intelligent investor should recognize that market panics can create great prices for good companies and good prices for great companies.
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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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Knowledge is only one ingredient on arriving at a stock's proper price. The other ingredient, fully as important as information, is sound judgment.
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you may take it as an axiom that you cannot profit in Wall Street by continuously doing the obvious or the popular thing
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In the short run, the market is a voting machine, but in the long run it is a weighing machine.
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Buy when most people, including experts, are pessimistic, and sell when they are actively optimistic.
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Do not let anyone else run your business
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Avoid second-quality issues in making up a portfolio unless they are demonstrable bargains.
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Always buy your straw hats in the Winter
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