Some of the Wisest Words Ever Spoken About Investing – MoneyBeat – WSJ

Still such a beautiful and effective mental model…

Graham also taught that stocks aren’t pieces of paper (or, in today’s terms, electronic blips); they are units of ownership in real businesses whose underlying value doesn’t change thousands of times a day.

Graham devised the metaphorical figure “Mr. Market,” whose mood swings — from euphoria to misery — determine stock prices. You don’t have to trade with Mr. Market when he wants to, but only when you want to.

Source: Some of the Wisest Words Ever Spoken About Investing – MoneyBeat – WSJ

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s