Nothing important on Wall Street can be counted on to occur exactly in the same way as it happened before.
Benjamin GrahamIt is no difficult trick to bring a great deal of energy, study, and native ability into Wall Street and to end up with losses instead of profits. These virtues, if channeled in the wrong directions, become indistinguishable from handicaps.
Benjamin GrahamConfronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety.
Benjamin GrahamSpeculators often prosper through ignorance; it is a clichรฉ that in a roaring bull market knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss
Benjamin Graham