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The intelligent investor buys from pessimists and sells to optimists - Benjamin Graham
It boils down to this: be a contrarian. The core message is to be greedy when others are fearful, and fearful when others are greedy. Profits are made in the pessimism and realized in the optimism.
Posted inWealth

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The speculative public is incorrigible. In financial terms, it cannot be cured, only managed - Benjamin Graham
At its core, Graham is saying that the investing crowd's tendency towards speculation, driven by emotion, not logic, is a permanent fixture. It's a force of nature you can't change, only navigate.
Posted inWealth

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The intelligent investor is a realist who sells to optimists and buys from pessimists - Benjamin Graham
At its heart, this quote is about capitalizing on market sentiment. The "realist" bases decisions on value, while the "optimist" and "pessimist" are driven by emotion.