“England is perhaps the only great country whose intellectuals are ashamed of their own nationality. In left-wing circles it is always felt that there is something slightly disgraceful in being an Englishman and that it is a duty to snigger at every English institution, from horse racing to suet puddings. It is a strange fact, but it is unquestionably true that almost any English intellectual would feel more ashamed of standing to attention during God save the King than of stealing from a poor box.” FeelsCountryFactsLeftFeltPoorAttentionStrangeDutyKingsIntellectualStandingHorseEnglandInstitutionsWingsBoxesCirclesStealingAshamedRacingNationalityEnglishmenLeft WingGreat CountryPuddingDisgracefulHorse Racing Book:A Collection of Essays Source: A Collection of Essays
“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