In contrast to the speculators preoccupation with rapid gain, value investors demonstrate their risk aversion by striving to avoid loss.

Be focused on process and not outcome

Loss avoidance must be the cornerstone of your investment philosophy.

Graham's wonderful sentence as, an investor needs only two things: cash and courage. Having only one of them is not enough.

It is crucial in a sound investment process to search a mile wide than a mile deep with they find something - also.. never stop digging for information.

It is always easiest to run with the herd; at times, it can take a deep reservoir of courage and conviction to stand apart from it. Yet distancing yourself from the crowd is an essential component of long-term investment success.

Having great clients is the key to investment success.