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Psychology Quotes

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Psychology Quotes

“An intelligent couple can read their Darwin and know that the ultimate reason for their sexual urges is procreation. They know that the woman cannot conceive because she is on the pill. Yet they find that their sexual desire is in no way diminished by the knowledge. Sexual desire is sexual desire and its force, in an individual's psychology, is independent of the ultimate Darwinian pressure that drove it. It is a strong urge which exists independently of its ultimate rationale.”

“The reader can test his own psychology by asking himself whether he would consider, in retrospect, the selling at 156 in 1925 and buying back at 109 in 1931 was a satisfactory operation. Some may think that an intelligent investor should have been able to sell out much closer to the high of 381 and to buy back nearer the low of 41. If that is your own view you are probably a speculator at heart and will have trouble keeping to true investment precepts while the market rushes up and down.”

“While some might mistakenly consider value investing a mechanical tool for identifying bargains, it is actually a comprehensive investment philosophy that emphasizes the need to perform in-depth fundamental analysis, pursue long-term investment results, limit risk, and resist crowd psychology.”