Quote
1949·New York City, New York, USA
Benjamin Graham·1949Basically, price fluctuations have only one significant meaning for the true investor. They provide him with an opportunity to buy wisely when prices fall sharply and to sell wisely when they advance a great deal. At other times he will do better if he forgets about the stock market and pays attention to his dividend returns and to the operating results of his companies.
Benjamin Graham·1949The individual investor should act consistently as an investor and not as a speculator.
Warren Buffett·1988Our favorite holding period is forever.
The individual investor should act consistently as an investor and not as a speculator.
You are neither right nor wrong because people agree with you.
Though business conditions may change, corporations and securities may change, and financial institutions and regulations may change, human nature remains the same. Thus the important and difficult part of sound investment, which hinges upon the investor's own temperament and attitude, is not much affected by the passing years.
