Experience teaches that the time to buy stocks is when their price is unduly depressed by temporary adversity. In other words, they should be bought on a bargain basis or not at all.
Benjamin GrahamA defensive investor can always prosper by looking patiently and calmly through the wreckage of a bear market.
Benjamin GrahamIn an ideal world, the intelligent investor would hold stocks only when they are cheap and sell them when they become overpriced, then duck into the bunker of bonds and cash until stocks again become cheap enough to buy.
Benjamin GrahamThe intelligent investor is a realist who sells to optimists and buys from pessimists.
Benjamin Graham