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The market is always making mountains out of molehills and exaggerating ordinary vicissitudes into major setbacks.

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
Major
Market
Molehills
Mountain
Exaggerating
Ordinary
Vicissitudes
Making
Setbacks
Always
Setback
Mountains
Majors

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Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks are going up, he happily pays more than their objective value and, when they are going down, he is desperate to dump them for less than their true worth.
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Individuals who cannot master their emotions are ill-suited to profit from the investment process.
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