I’m in the process of re-reading The Intelligent Investor and found some words of wisdom from Ben Graham to young investors. In his chapter entitled, “The Defensive Investor and Common Stocks” Graham states…
Let us not ignore human nature at this point. Finance has a fascination for many bright young people with limited means. They would [...]
”Never invest in any idea you can’t illustrate with a crayon.”
-Peter [...]
“Wall Street people learn nothing and forget everything.”
-Benjamin Graham
“Some people seem to think there’s no trouble just because it hasn’t happened yet. If you jump out the window at the 42nd floor and you’re still doing fine as you pass the 27th floor, that doesn’t mean you don’t have a serious problem. I would want to address the problem right now.”
-Charlie Munger
“There are all kinds of businesses that I don’t understand, but that doesn’t cause me to stay up at night. It just means I go on to the next one, and that’s what the individual investor should do.”
- Warren Buffett
“Bull markets are born on pessimism, grow on skepticism, mature on
optimism, and die on euphoria. The time of maximum pessimism is the best
time to buy, and the time of maximum optimism is the best time to sell.”
– Sir John Templeton