“The chief obstacle to success lies in the stubborn fact that if the favorable prospects of a concern are clearly apparent they are almost always reflected already in the current price of the stock. Buying such an issue is like betting on a topheavy favorite in a horse race. The chances may be on your side, but the real odds are against you.” IfsMayRealFactsLyingSidesChanceRaceIssuesConcernHorseCurrentsObstaclesChiefsBuyingOddsStubbornYour SideProspectsBetting Author:Benjamin Graham
“Surely no man can reflect, without wonder upon the vicissitudes of human life arising from causes in the highest degree accidental and trifling. If you trace the necessary concatenation of human events a very little way back, you may perhaps discover that a person's very going in or out of a door has been the means of coloring with misery or happiness the remaining current of his life.” IfsMenWayHumansMayMeanLittlesPersonsHas BeensCausesChanceWonderDoorsEventsDegreesHighestMiseryCurrentsHuman LifeTriflingVicissitudes Author:Sir Fulke Greville