Why could the typical investor expect any better success in trying to buy at low levels and sell at high levels than in trying to forecast what the market is going to do? Because if he does the former he acts only after the market has moved down into buying levels or up into selling levels. His role is not that of a prophet but of a businessman seizing clearly evident investment opportunities. He is not trying to be smarter than his fellow investors but simply trying to be less irrational than the mass of speculators who insist on buying after the market advances and selling after it goes down. If the market persists in behaving foolishly, all he seems to need is ordinary common sense in order to exploit its foolishness.
Benjamin GrahamRelated topics
buying buy common expect fellow foolishness high investor irrational less low market mass need order prophet seizing sell selling sense success trying typical ActsRelated quotes
The commercial prostitution of love is the last outcome of our whole social system, and its most clear condemnation. It flaunts in our streets, it hides itself in the garment of respectability under the name of matrimony, it eats in actual physical disease and death right through our midst; it is fed by the oppression and the ignorance of women, by their poverty and denied means of livelihood, and by the hypocritical Puritanism which forbids them by millions not only to gratify but even to speak of their natural desires; and it is encouraged by the callousness of an age which has accustomed men to buy and sell for money every most precious thing - even the life-long labor of their brothers, therefore why not also the very bodies of their sisters?
Edward Carpenter
There are two tactical approaches for candidates seeking their party's nomination in election campaigns. One is to strongly debate the issues and firmly advocate your positions, but to avoid personal attacks on your opponents or needless divisiveness. The other is to vigorously attack your fellow candidates, disparaging them personally and seeking to raise yourself up by dragging them down. Ronald Reagan was famous for epitomizing the former path. Donald Trump, unfortunately, has chosen to follow the latter course... At a time when the nation is suffering under one of the most divisive and incompetent presidents in history, our people need positive, unifying leadership, not negative, destructive political rhetoric.
Edwin Meese
Fantasizing about action out there in the 'real' world, spinning dreams abut the secret centrality, about the occult importance of the labours in which he has interred his existence - labours that the vast majority of his fellow men would deem wholly marginal and socially wasteful if they knew of them at all - the pure scholar, the master of catalogues, can sup on hatred. At the ordinary level, he will exorcize his spleen in the ad-hominem nastiness of a book review, in the arsenic of a footnote. He will vent his resentments in the soft betrayals of an ambiguous recommendation or examination report and in the scorpion's round of a committee on tenure. The violence stays formal. Not, one supposes, in Professor Blunt.
George Steiner
A man discovers what he is actually worth in this world when he faces society as a man, without money, name, or powerful connections, stripped of all but his native potentialities. He soon finds that nothing has less weight than his human qualities. They are prized so low that the market does not even list them. Strict science, which acknowledges man only as a biological concept, reflects man's lot in the actual world; in himself, man is nothing more than a member of a species. In the eyes of the world, the quality of humanity confers no title to existence, nay, not even a right of sojourn. Such title must be certified by special social circumstances stipulated in documents to be presented on demand.
Max Horkheimer
With the success of my first story, l decided to make writing a career, though I was canny enough not to give up my job. But the job did not pay expenses and we had a recurrence of great poverty, sustained only by the thread of hope that I might make a living writing fiction. I cast about for a better job and landed one as a department manager for a business magazine. While I was working there, I wrote Tarzan of the Apes, evenings and holidays. I wrote it in longhand on the backs of old letterheads and odd pieces of paper. I did not think it was a very good story and I doubted if it would sell. But Bob Davis saw its possibilities for magazine publication and I got a check ... this time, l think, for $700.
Edgar Rice Burroughs