No statement is more true and better applicable to Wall Street than the famous warning of Santayana: "Those who do not remember the past are condemned to repeat it".
Benjamin GrahamAlthough there are good and bad companies, there is no such thing as a good stock; there are only good stock prices, which come and go.
Benjamin GrahamThe sillier the market's behavior, the greater the opportunity for the business like investor.
Benjamin Graham