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Only in the exceptional case, where the integrity and competence of the advisers have been thoroughly demonstrated, should the investor act upon the advice of others without understanding and approving the decision made.

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
Advice
Demonstrated
Cases
Competence
Decision
Thoroughly
Understanding
Exceptional
Upon
Investors
Approving
Others
Investing
Advisers
Without
Integrity
Adviser
Made
Case
Investor

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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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Buy when most people, including experts, are pessimistic, and sell when they are actively optimistic.
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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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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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