Graham liked the idea of protection on the downside.
Have patience. Stocks don't go up immediately.
I find it helpful to buy near the low of the last few years.
Timidity prompted by past failures causes investors to miss the most important bull markets.
Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.
A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?