The essence of investment management is the management of risks, not the management of returns.
Benjamin GrahamTo achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks.
Benjamin GrahamWe have not known a single person who has consistently or lastingly make money by thus "following the market". We do not hesitate to declare this approach is as fallacious as it is popular.
Benjamin GrahamIt is absurd to think that the general public can ever make money out of market forecasts.
Benjamin Graham