Friday, September 23, 2011

Weekly Investment Note

Buy during periods of pessimism and low prices; sell during periods of optimism and high prices. - Benjamin Graham

Abnormally good or abnormally bad conditions do not last forever. This is true not only of general business but of particular industries as well. Corrective forces are often set in motion which tend to restore profits where they have disappeared, or to reduce them where they are excessive in relation to capital.