Ben's emphasis was on protecting his expectation of profit with minimum risk.

Devise a simple strategy so you can sleep at night.

Sell is tough. It's the worst, it's the most difficult thing of all.

If you are honest, hardworking, reasonably intelligent and have good common sense, you can do well in the investment field as long as you are not too greedy and don't get too emotional when things go against you.

Graham liked the idea of protection on the downside.

I find it helpful to buy near the low of the last few years.

I don't have a ticker-tape machine in my office.