Traditionally the investor has been the man with patience and the courage of his convictions who would buy when the harried or disheartened speculator was selling.
Benjamin GrahamMost businesses change in character and quality over the years, sometimes for the better, perhaps more often for the worse. The investor need not watch his companies' performance like a hawk; but he should give it a good, hard look from time to time.
Benjamin GrahamThe distinction between investment and speculation in common stocks has always been a useful one and its disappearance is cause for concern.
Benjamin Graham