Individuals who cannot master their emotions are ill-suited to profit from the investment process.
Benjamin GrahamRead
Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it – even though others may hesitate or differ.
Interpretation
Have confidence in your own judgment and be willing to act on it, even when faced with opposition.
This quote emphasizes the importance of trusting one's own knowledge and experience when making decisions. Benjamin Graham encourages individuals to act upon their well-informed conclusions, even if they encounter hesitation or disagreement from others, advocating for courage and conviction in one's own judgment.
In practice
During a business meeting when presenting a new idea that others may doubt.
Individuals who cannot master their emotions are ill-suited to profit from the investment process.
It is absurd to think that the general public can ever make money out of market forecasts.
Obvious prospects for physical growth in a business do not translate into obvious profits for investors.
When somebody asserts that a stock has an earning power of so much, I am sure that the person who hears him doesn't know what he means, and there is a good chance that the man who uses it doesn't know what it means.
To be an investor you must be a believer in a better tomorrow.
While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster
He lay back, put his arm over his eyes, and tried to hold onto the anger, because the anger made him feel brave. A brave man could think. A coward couldn't.
The primary thing when you take a sword in your hands is your intention to cut the enemy, whatever the means. Whenever you parry, hit, spring, strike or touch the enemy's cutting sword, you must cut the enemy in the same movement. It is essential to attain this. If you think only of hitting, springing, striking or touching the enemy, you will not be able actually to cut him.
There are those who keep out of mischief, and there are the adventurers, ‘ he said. “We racing drivers are adventurers; the more difficult something is, the greater the attraction that comes from it.
You may write me down in history with your bitter, twisted lines. You may trod me in the very dirt, but still, like dust, I'll rise.
Love bravely, live bravely, be courageous, there's really nothing to lose. There's no wrong you can't make right again, so be kinder to yourself, you know, have fun, take chances. There's no bounds.
I just wish more of my fellow queers would come out sometimes. It's nice out here, you know?
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