In the old legend the wise men finally boiled down the history of mortal affairs into a single phrase: 'This too will pass.'
Benjamin GrahamBefore you invest, you must ensure that you have realistically assessed your probability of being right and how you will react to the consequences of being wrong.
Benjamin GrahamIt is our argument that a sufficiently low price can turn a security of mediocre quality into a sound investment opportunity - provided that the buyer is informed and experienced and he practices adequate diversification. For, if the price is low enough to create a substantial margin of safety, the security thereby meets our criterion of investment.
Benjamin Graham