The beauty of periodic rebalancing is that it forces you to base your investing decisions on a simple, objective standard.
Benjamin GrahamIn the world of securities, courage becomes the supreme virtue after adequate knowledge and a tested judgment are at hand.
Benjamin GrahamThere is a close logical connection between the concept of a safety margin and the principle of diversification.
Benjamin GrahamThe most realistic distinction between the investor and the speculator is found in their attitude toward stock-market movements. The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices. Market movements are important to him in a practical sense, because they alternately create low price levels at which he would be wise to buy and high price levels at which he certainly should refrain from buying and probably would be wise to sell.
Benjamin Graham