GREY:GRFJF - Post by User
Post by
__D__on Jan 22, 2008 12:40pm
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Post# 14242733
From OIL
From OILI saw this on OIL an thought it was relevant.
Regrets if copying board to board is frowned upon.
"Quote by the famous investment guru Ben Graham taken from the AMP Blog:
Ben Graham:
The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage. That man would be better off if his stocks had no market quotation at all, for he would then be spared the mental anguish caused him by other persons' mistakes of judgment.
The behavior of the market is unpredictable, but the behavior of the market's participants is about as predictable as you can get. For long-term success, investors need the discipline to do two things:
1. Invest during points of pessimism
2. Exercise patience."