Jump to navigation Jump to search
|This page has been flagged for a review of its copyright status, as it may contain too many quotes from a copyrighted source. See Wikiquote:Copyrights for more information on Wikiquote copyright policy. Please do not remove this tag from this page until it has been checked by a user familiar with the fair use provisions of U.S. copyright law and edited down if necessary.|
- “The essence of investment management is the management of risks, not the management of returns. ”
- "You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."
Investing and Emotions
- "Individuals who cannot master their emotions are ill-suited to profit from the investment process."
- "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."
I am quietly amazed that Graham's most familiar passage, The Intelligent Investor's parable of Mr. Market, is not in this article.