A value strategy is of little use to the impatient investor since it usually takes time to pay off.
The best protection against risk is knowing what you are doing.
Sometimes buying early on the way down looks like being wrong, but it isn't.
Graham's wonderful sentence as, an investor needs only two things: cash and courage. Having only one of them is not enough.
Do not suffer interim losses, relish and appreciate them
Investors should always keep in mind that the most important metric is not the returns achieved but the returns weighed against the risks incurred. Ultimately, nothing should be more important to investors than the ability to sleep soundly at night.