" The thing that hath been, is that which shall be; and that which is done is that which shall be done; and there is no new thing under the sun, Is there anything whereof it may be said, See this is new ? it hath been already of old time, which is before us." Ecclesiastes 1: 9-10 only intended here from  Graham's book as follows, 

" The cheap stocks may later become overpriced, the expensive stocks may

turn cheap. At some point in it's life, almost every stock is a bargain; at another time, it will be expensive. Although there are good and bad companies, there is no such thing as a good stock; there are only good stock prices which come and go. "

Benjamin Graham, The Intelligent Investor

"And the next time you are shocked frozen by the market's unpredictability, remember what Buffet says.{Face up to two unpleasant facts: the future is never clear and you pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long term values}"


October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, September, April, November, May, March, June, December, August, and February.

Mark Twain,

from Stocks For The Long Run, 

Jeremy  J. Siegel

Some industries are brutally competitive and change relentlessly, and some companies depend on the kindness of bankers. Go elsewhere where there's more safety.

Big Money Thinks Small,  Joel Tillinghast

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