Speculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues.
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 GrahamAn investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return.
Benjamin GrahamAvoid second-quality issues in making up a portfolio unless they are demonstrable bargains.
Benjamin Graham