“The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances. He should always remember that market quotations are there for his convenience, either to be taken advantage of or to be ignored.”
I think Benjamin Graham was a good thinker and had a lot of patience. That is the reason why he has a student who loves him (Warren Buffet) and we find deep thinkers like John Bogle also quoting him. John Bogle is of course, the founder of Vanguard Funds and the father of Index funds.
When Bogle says, you listen! His 3 books – 2 on mutual funds and one on Investing are all worth reading – and they are inexpensive too. I urge all of you to go and buy the book, and far more importantly read them 🙂
Just as an aside – I keep telling people that to lose weight you must go to a gym regularly (Ok i know 90% of your weight is a function of what you eat, and only 10% depends on your work out, but…). Many people I know promptly join a gym – and go there once a week, if at all!
I know a gym owner – she has 5 gyms in Mumbai. She is 5′ 6″ and weighs about 90kg.
My argument still stands – buy a book if you will read it, join a gym if you will go. This gym owner is proof that even OWNING a gym is not enough, forget JOINING A GYM. So if you buy the Bogle books keep reading it – just buying is easy!
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