“A price decline is of no real importance to the bona fide investor unless it is either very substantial say, more than a third from cost or unless it reflects a known deterioration of consequence in the company's position. In a well-defined bear market many sound common stocks sell temporarily at extraordinary low prices. It is possible that the investor may then have a paper loss of fully 50 per cent on some of his holdings, without any convincing indication that the underlying values have been permanently affected.” WellsMayHas BeensRealValuesSoundLossCommonCompanyKnownPositionBearsCostPaperLowsConsequenceThirdsImportanceSellsExtraordinaryDefinedAffectedInvestorsDeclineCentsConvincingIndicationDeterioration Author:Benjamin Graham
“John Kerry reportedly flew in his private hairdresser before his "Meet the Press" interview for a total cost of $1,000. That's $1,000 for a haircut, which sounds like a lot, but have you seen the size of Kerry's head.” SoundCostPressesSizeInterviewsFlewHaircutsJohn KerryHairdresser Author:Jay Leno
“We believe that our truly urgent need is to make our nation secure, our economy strong and our dollar sound. For every American this matter of the sound dollar is crucial. Without a sound dollar, every American family would face a renewal of inflation, an ever-increasing cost of living, the withering away of savings and life insurance policies.” NeedsBelieveMatterFacesStrongNationsSoundEconomySecurityPolicyCostDollarsSecureSavingCrucialInflationRenewalUrgentSavingsAmerican FamilyWitheringCost Of LivingInsurance PolicyLife Insurance Policy Author:Dwight D. Eisenhower