“Mr. Market does not always price stocks the way an appraiser or a private buyer would value a business. Instead, when stocks are going up, he happily pays more than their objective value; and, when they are going down, he is desperate to dump them for less than their true worth.”
Quote by Benjamin Graham
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Source: The Intelligent Investor: A Book of Practical Counsel
Source: The Intelligent Investor: A Book of Practical Counsel
Source: The Intelligent Investor: A Book of Practical Counsel
Source: The Intelligent Investor: A Book of Practical Counsel
“The only thing you should do with pro forma earnings is ignore them.”
Source: The Intelligent Investor: A Book of Practical Counsel
