Ben Graham Quote

In the words of Ben Graham, the godfather of value investing.

You are neither right nor wrong because the crowd disagrees with you.  You are right because your data and reasoning are right.  In the world of securities, courage becomes the supreme virtue after knowledge and a tested judgement are at hand.

J. Paul Getty

Great quote from J. Paul Getty, one of the worlds most renowned misers'.

“For as long as I can remember, veteran businessmen and investors – I among them – have been warning about the dangers of irrational stock speculation and hammering away at the theme that stock certificates are deeds of ownership and not betting slips… The professional investor has no choice but to sit by quietly while the mob has its day, until the enthusiasm or panic of the speculators and non-professionals has been spent. He is not impatient, nor is he even in a very great hurry, for he is an investor, not a gambler or a speculator. The seeds of any bust are inherent in any boom that outstrips the pace of whatever solid factors gave it its impetus in the first place. There are no safeguards that can protect the emotional investor from himself.”

  Wikipedia link.