I was reading "The Intelligent Investor" again & found the following golden words by Ben Graham, which I would like to share: " In our own stock-market experience and observation extending over 50 years, we have not known a single person, who has consistently or lastingly made money by thus "following the market". We do not hesitate to declare that this approach is as fallacious as it is popular." - Source: "The Intelligent Investor" by Benjamin Graham (2003 edition), page 3.

Posted by toughiee on Sunday, January 01, 2006 at 9:59 PM | Permalink